TOMRA SYSTEMS ASA: årsregnskap 2020 vs 2019
Grew 18% on revenue, stronger earnings, cash halved-plus
approved 2021-05-04; registry 2021-06-09; journal 2021 271024
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for TOMRA SYSTEMS ASA. Revenue 1.28bn NOK → 1.51bn NOK (+18.5%). Net result +858.0k NOK → +368.00m NOK. Equity 1.56bn NOK → 1.53bn 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; payroll increased; cogs moved. All figures are taken from the published annual accounts for TOMRA SYSTEMS ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.28bn NOK to 1.51bn NOK (+18.5% YoY). Calculated
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Operating result improved
Operating result +70.00m NOK → +233.00m NOK (op. margin 5.5% → 15.4%). Calculated
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Net result improved
Net result +858.0k NOK → +368.00m NOK (net margin 0.1% → 24.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.56bn NOK → 1.53bn NOK (equity ratio 29.4% → 29.2%). Calculated
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↓
Cash fell
Bank deposits 101.00m NOK → 28.00m NOK (-72.3% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (101.00m NOK → 28.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 18.29m NOK → 18.32m NOK (1% → 1% of revenue). Calculated
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COGS moved
COGS / varekostnad 2.67m NOK → 3.79m NOK (+41.6% YoY). Calculated
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Book investments changed
Investment / intangible book value 4.41bn NOK → 4.53bn NOK. Reported fact