SATS ASA: årsregnskap 2021 vs 2020
Shrank 8% on revenue, weaker earnings
approved 2022-03-08; registry 2022-03-14; journal 2022 143149
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for SATS ASA. Revenue 3.53bn NOK → 3.25bn NOK (-8.1%). Net result -35.00m NOK → -44.00m NOK. Equity 2.10bn NOK → 2.06bn NOK.
On the constructive side: operating result improved; cash rose. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; 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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Operating result improved
Operating result -15.00m NOK → -14.00m NOK (op. margin -0.4% → -0.4%). Calculated
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Cash rose
Bank deposits 344.0k NOK → 459.0k NOK (+33.4% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.53bn NOK to 3.25bn NOK (-8.1% YoY). Calculated
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Net result weakened
Net result -35.00m NOK → -44.00m NOK (net margin -1.0% → -1.4%). Calculated
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Equity eroded
Book equity 2.10bn NOK → 2.06bn NOK (equity ratio 50.7% → 49.4%). Calculated
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Payroll up without matching revenue
Salary cost 1.35bn NOK → 1.40bn NOK (38% → 43% of revenue). Calculated
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COGS moved
COGS / varekostnad 122.0k NOK → 106.00m NOK (+86785.2% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 4.38bn NOK → 2.89bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 3.76bn NOK → 3.69bn NOK. Reported fact