FirmaIQ
Org.nr 916 300 484 2019 → 2020 Year-over-year analysis

STOREBRAND ASA: årsregnskap 2020 vs 2019

Shrank 91% on revenue

approved 2021-04-08; registry 2021-06-01; journal 2021 251044

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for STOREBRAND ASA. Revenue 32.37bn NOK → 3.03bn NOK (-90.6%). Net result +2.95bn NOK → +2.80bn NOK. Equity 22.65bn NOK → 25.47bn NOK.

On the constructive side: equity strengthened; cash rose; owners injected capital. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for STOREBRAND ASA.

At a glance

Scorecard

Revenue
32.37bn NOK 3.03bn NOK
-90.6%
Operating result
+3.13bn NOK +2.93bn NOK
-6.3%
Net result
+2.95bn NOK +2.80bn NOK
-5.0%
Equity
22.65bn NOK 25.47bn NOK
+12.4%
Cash
34.00m NOK 60.00m NOK
+76.5%
Total assets
26.63bn NOK 29.13bn NOK
+9.4%

What improved

  • ↑

    Equity strengthened

    Book equity 22.65bn NOK → 25.47bn NOK (equity ratio 85.0% → 87.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 34.00m NOK → 60.00m NOK (+76.5% YoY). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 12.86bn NOK → 12.86bn NOK (+3.00m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 32.37bn NOK to 3.03bn NOK (-90.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +3.13bn NOK → +2.93bn NOK (op. margin 9.7% → 96.8%). Calculated

  • ↓

    Net result weakened

    Net result +2.95bn NOK → +2.80bn NOK (net margin 9.1% → 92.6%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 40.00m NOK → 2.32bn NOK (0% → 77% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 20.04bn NOK → 20.89bn NOK. Reported fact