FirmaIQ
Org.nr 982 769 221 2020 → 2021 Year-over-year analysis

STRONGPOINT ASA: årsregnskap 2021 vs 2020

Grew 13% on revenue, stronger earnings, cash halved-plus

approved 2022-04-28; registry 2022-05-23; journal 2022 240431

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for STRONGPOINT ASA. Revenue 14.51m NOK → 16.37m NOK (+12.9%). Net result +20.66m NOK → +186.29m NOK. Equity 272.42m NOK → 415.4k NOK.

On the constructive side: revenue rose; net result improved; current ratio back above 1×. Pressures included: operating result weakened; equity eroded; cash fell.

Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for STRONGPOINT ASA.

At a glance

Scorecard

Revenue
14.51m NOK 16.37m NOK
+12.9%
Operating result
-13.49m NOK -21.96m NOK
-62.8%
Net result
+20.66m NOK +186.29m NOK
+801.5%
Equity
272.42m NOK 415.4k NOK
-99.8%
Cash
75.01m NOK 21.3k NOK
-100.0%
Total assets
526.88m NOK 464.62m NOK
-11.8%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 14.51m NOK to 16.37m NOK (+12.9% YoY). Calculated

  • ↑

    Net result improved

    Net result +20.66m NOK → +186.29m NOK (net margin 142.4% → 1137.7%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.49× → 1.57×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -13.49m NOK → -21.96m NOK (op. margin -93.0% → -134.1%). Calculated

  • ↓

    Equity eroded

    Book equity 272.42m NOK → 415.4k NOK (equity ratio 51.7% → 0.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 75.01m NOK → 21.3k NOK (-100.0% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (75.01m NOK → 21.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 27.46m NOK → 27.15m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    Payroll increased

    Salary cost 14.21m NOK → 24.27m NOK (98% → 148% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 12.64m NOK → 12.56m NOK (-0.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 401.01m NOK → 385.72m NOK. Reported fact