TECHSTEP ASA: årsregnskap 2020 vs 2019
Grew 31% on revenue, stronger earnings, cash halved-plus
approved 2021-04-22; registry 2021-08-02; journal 2021 543127
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for TECHSTEP ASA. Revenue 4.64m NOK → 6.07m NOK (+30.9%). Net result -131.62m NOK → -8.36m NOK. Equity 453.87m NOK → 557.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for TECHSTEP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.64m NOK to 6.07m NOK (+30.9% YoY). Calculated
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↑
Operating result improved
Operating result -80.19m NOK → -22.43m NOK (op. margin -1729.8% → -369.6%). Calculated
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↑
Net result improved
Net result -131.62m NOK → -8.36m NOK (net margin -2839.1% → -137.8%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 453.87m NOK → 557.3k NOK (equity ratio 85.8% → 67.1%). Calculated
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↓
Cash fell
Bank deposits 1.67m NOK → 435.0k NOK (-74.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.67m NOK → 435.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 453.87m NOK → 183.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 506.57m NOK → 755.6k NOK. Reported fact