VOIM ASA: årsregnskap 2020 vs 2019
Grew 35352% on revenue, stronger earnings, fresh owner capital
approved 2021-04-29; registry 2021-08-03; journal 2021 561217
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for VOIM ASA. Revenue 604.1k NOK → 214.17m NOK (+35351.5%). Net result -196.25m NOK → -101.03m NOK. Equity 13.01m NOK → -87.21m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for VOIM ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 604.1k NOK to 214.17m NOK (+35351.5% YoY). Calculated
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Net result improved
Net result -196.25m NOK → -101.03m NOK (net margin -32485.9% → -47.2%). Calculated
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Cash rose
Bank deposits 46.46m NOK → 84.26m NOK (+81.3% YoY). Calculated
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Owners injected capital
Paid-in equity rose 14 NOK → 546.5k NOK (+546.5k NOK). Reported fact
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Payroll decreased
Salary cost 19.66m NOK → 6 NOK (3255% → 0% of revenue). Calculated
What deteriorated
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Operating result weakened
Operating result +139.92m NOK → -130.01m NOK (op. margin 23161.5% → -60.7%). Calculated
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Equity eroded
Book equity 13.01m NOK → -87.21m NOK (equity ratio 2.4% → -28.6%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -28.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 14.60m NOK → 4.10m NOK (-71.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 91.0k NOK → 1.09m NOK. Reported fact