SCATEC ASA: årsregnskap 2021 vs 2020
Shrank 73% on revenue, slipped into loss
approved 2022-03-17; registry 2022-07-30; journal 2022 730068
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for SCATEC ASA. Revenue 622.00m NOK → 166.00m NOK (-73.3%). Net result +517.0k NOK → -73.00m NOK. Equity 9.91bn NOK → 9.76bn 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 SCATEC ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 5.66m NOK → 1.62bn NOK (+28501.7% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 9.72bn NOK → 10.13bn NOK (+402.00m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 622.00m NOK to 166.00m NOK (-73.3% YoY). Calculated
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↓
Operating result weakened
Operating result -63.00m NOK → -343.00m NOK (op. margin -10.1% → -206.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 517.0k NOK profit to a loss of 73.00m NOK. Calculated
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↓
Equity eroded
Book equity 9.91bn NOK → 9.76bn NOK (equity ratio 85.0% → 48.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.70× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.44bn NOK → 2.10m NOK (-99.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 5.22bn NOK → 17.38bn NOK. Reported fact