FirmaIQ
Org.nr 922 493 626 2020 → 2021 Year-over-year analysis

REACH SUBSEA ASA: årsregnskap 2021 vs 2020

Shrank 86% on revenue, stronger earnings

approved 2022-03-31; registry 2022-07-20; journal 2022 669107

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for REACH SUBSEA ASA. Revenue 72.05m NOK → 9.91m NOK (-86.2%). Net result +43.10m NOK → +93.81m NOK. Equity 220.2k NOK → 279.5k NOK.

On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
72.05m NOK 9.91m NOK
-86.2%
Operating result
-4.97m NOK -4.09m NOK
+17.8%
Net result
+43.10m NOK +93.81m NOK
+117.6%
Equity
220.2k NOK 279.5k NOK
+26.9%
Cash
4.64m NOK 5.07m NOK
+9.4%
Total assets
255.6k NOK 324.0k NOK
+26.8%

What improved

  • ↑

    Operating result improved

    Operating result -4.97m NOK → -4.09m NOK (op. margin -6.9% → -41.2%). Calculated

  • ↑

    Net result improved

    Net result +43.10m NOK → +93.81m NOK (net margin 59.8% → 946.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 220.2k NOK → 279.5k NOK (equity ratio 86.2% → 86.3%). Calculated

  • ↑

    Cash rose

    Bank deposits 4.64m NOK → 5.07m NOK (+9.4% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 205.2k NOK → 208.9k NOK (+3 733 NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 72.05m NOK to 9.91m NOK (-86.2% YoY). Calculated