SATS ASA: årsregnskap 2020 vs 2019
Shrank 11% on revenue, slipped into loss, fresh owner capital
approved 2021-04-13; registry 2021-06-26; journal 2021 390026
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for SATS ASA. Revenue 3.99bn NOK → 3.53bn NOK (-11.4%). Net result +187.00m NOK → -35.00m NOK. Equity 2.12bn NOK → 2.10bn NOK.
On the constructive side: cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for SATS ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 178.0k NOK → 344.0k NOK (+93.3% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 2.12bn NOK → 4.38bn NOK (+2.25bn NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.99bn NOK to 3.53bn NOK (-11.4% YoY). Calculated
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↓
Operating result weakened
Operating result +512.0k NOK → -15.00m NOK (op. margin 0.0% → -0.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 187.00m NOK profit to a loss of 35.00m NOK. Calculated
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↓
Equity eroded
Book equity 2.12bn NOK → 2.10bn NOK (equity ratio 52.9% → 50.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 416.80× → 0.01× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 115.00m NOK → 122.0k NOK (-99.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3.77bn NOK → 3.76bn NOK. Reported fact