SAGA PURE ASA: årsregnskap 2020 vs 2019
Grew 64% on revenue, stronger earnings
approved 2021-05-26; registry 2021-08-05; journal 2021 570500
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for SAGA PURE ASA. Revenue 23.16m NOK → 38.08m NOK (+64.4%). Net result +12.38m NOK → +25.72m NOK. Equity 299.0k NOK → 569.0k NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for SAGA PURE ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 23.16m NOK to 38.08m NOK (+64.4% YoY). Calculated
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Net result improved
Net result +12.38m NOK → +25.72m NOK (net margin 53.4% → 67.5%). Calculated
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Equity strengthened
Book equity 299.0k NOK → 569.0k NOK (equity ratio 98.5% → 99.2%). Calculated
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Cash rose
Bank deposits 76.35m NOK → 476.11m NOK (+523.6% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +51.27m NOK → +24.89m NOK (op. margin 221.3% → 65.4%). Calculated
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Current ratio dropped below 1×
Current ratio 26.01× → 0.10× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 822.32m NOK → 1.07m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 183.7k NOK → 97.14m NOK. Reported fact