SCANA ASA: årsregnskap 2020 vs 2019
Stronger earnings
approved 2021-03-26; registry 2021-06-10; journal 2021 279552
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for SCANA ASA. Revenue 9.99m NOK → 10.27m NOK (+2.8%). Net result +9.27m NOK → +50.26m NOK. Equity 138.59m NOK → 202.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for SCANA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 9.99m NOK to 10.27m NOK (+2.8% YoY). Calculated
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↑
Operating result improved
Operating result -15.11m NOK → -12.64m NOK (op. margin -151.3% → -123.1%). Calculated
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↑
Net result improved
Net result +9.27m NOK → +50.26m NOK (net margin 92.8% → 489.6%). Calculated
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↑
Cash rose
Bank deposits 9.87m NOK → 31.29m NOK (+217.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 138.59m NOK → 202.5k NOK (equity ratio 48.7% → 50.5%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 107.51m NOK → 107.51m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 12.22bn NOK → 12 NOK (-100.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 218.12m NOK → 320.1k NOK. Reported fact