SCATEC ASA: årsregnskap 2020 vs 2019
Shrank 79% on revenue, returned to profit, fresh owner capital
approved 2021-03-25; registry 2021-08-07; journal 2021 584969
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for SCATEC ASA. Revenue 2.96bn NOK → 622.00m NOK (-79.0%). Net result -40.00m NOK → +517.0k NOK. Equity 3.09bn NOK → 9.91bn NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for SCATEC ASA.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 40.00m NOK to a profit of 517.0k NOK. Calculated
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↑
Equity strengthened
Book equity 3.09bn NOK → 9.91bn NOK (equity ratio 52.2% → 85.0%). Calculated
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↑
Cash rose
Bank deposits 494.0k NOK → 5.66m NOK (+1046.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.66× → 4.70×. Calculated
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↑
Owners injected capital
Paid-in equity rose 3.11bn NOK → 9.72bn NOK (+6.61bn NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.96bn NOK to 622.00m NOK (-79.0% YoY). Calculated
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↓
Operating result weakened
Operating result +108.00m NOK → -63.00m NOK (op. margin 3.6% → -10.1%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.65bn NOK → 2.44bn NOK (-8.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 4.68bn NOK → 5.22bn NOK. Reported fact