VÅR ENERGI ASA: årsregnskap 2020 vs 2019
Grew 8% on revenue, slipped into loss
approved 2021-03-25; registry 2021-06-26; journal 2021 391479
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for VÅR ENERGI ASA. Revenue 25.11bn NOK → 27.03bn NOK (+7.6%). Net result +2.52bn NOK → -6.53bn NOK. Equity 22.08bn NOK → 11.04bn NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; book investments changed. All figures are taken from the published annual accounts for VÅR ENERGI ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 25.11bn NOK to 27.03bn NOK (+7.6% YoY). Calculated
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↑
Cash rose
Bank deposits 1.23bn NOK → 2.09bn NOK (+69.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.58× → 1.05×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +6.69bn NOK → -9.48bn NOK (op. margin 26.7% → -35.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 2.52bn NOK profit to a loss of 6.53bn NOK. Calculated
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↓
Equity eroded
Book equity 22.08bn NOK → 11.04bn NOK. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 21.55bn NOK → 17.13bn NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 1.71m NOK → 1.46bn NOK (0% → 5% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 2.27bn NOK → 2.22bn NOK. Reported fact