TECHSTEP ASA: årsregnskap 2021 vs 2020
Grew 512% on revenue, weaker earnings, cash halved-plus
approved 2022-03-29; registry 2022-08-25; journal 2022 892245
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for TECHSTEP ASA. Revenue 6.07m NOK → 37.15m NOK (+512.1%). Net result -8.36m NOK → -21.45m NOK. Equity 557.3k NOK → 653.5k NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: 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 6.07m NOK to 37.15m NOK (+512.1% YoY). Calculated
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↑
Equity strengthened
Book equity 557.3k NOK → 653.5k NOK (equity ratio 67.1% → 65.4%). Calculated
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Current ratio back above 1×
Current ratio 0.42× → 529.66×. Calculated
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Owners injected capital
Paid-in equity rose 183.3k NOK → 209.6k NOK (+26.3k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -22.43m NOK → -84.34m NOK (op. margin -369.6% → -227.0%). Calculated
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Net result weakened
Net result -8.36m NOK → -21.45m NOK (net margin -137.8% → -57.7%). Calculated
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↓
Cash fell
Bank deposits 435.0k NOK → 808 NOK (-99.8% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 755.6k NOK → 852.6k NOK. Reported fact