SOLVANG ASA: årsregnskap 2021 vs 2020
Stronger earnings, cash halved-plus
approved 2022-05-25; registry 2022-06-25; journal 2022 509499
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for SOLVANG ASA. Revenue 94.28m NOK → 92.45m NOK (-1.9%). Net result +3.69m NOK → +327.56m NOK. Equity 2.79bn NOK → 2.70bn NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for SOLVANG ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result +3.69m NOK → +327.56m NOK (net margin 3.9% → 354.3%). Calculated
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Payroll decreased
Salary cost 71.75m NOK → 70.25m NOK (76% → 76% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 94.28m NOK to 92.45m NOK (-1.9% YoY). Calculated
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Operating result weakened
Operating result +6.97m NOK → +5.54m NOK (op. margin 7.4% → 6.0%). Calculated
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↓
Equity eroded
Book equity 2.79bn NOK → 2.70bn NOK (equity ratio 42.3% → 40.9%). Calculated
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Cash fell
Bank deposits 108.39m NOK → 438.1k NOK (-99.6% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (108.39m NOK → 438.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 6.44bn NOK → 296 NOK. Reported fact