VOIM ASA: årsregnskap 2021 vs 2020
Shrank 12% on revenue, returned to profit, cash halved-plus
approved 2022-04-20; registry 2022-07-18; journal 2022 649286
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for VOIM ASA. Revenue 214.17m NOK → 187.74m NOK (-12.3%). Net result -101.03m NOK → +13.74m NOK. Equity -87.21m NOK → -95.44m NOK.
On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; 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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↑
Operating result improved
Operating result -130.01m NOK → +31.64m NOK (op. margin -60.7% → 16.9%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 101.03m NOK to a profit of 13.74m NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 214.17m NOK to 187.74m NOK (-12.3% YoY). Calculated
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↓
Equity eroded
Book equity -87.21m NOK → -95.44m NOK (equity ratio -28.6% → -38.6%). Calculated
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↓
Cash fell
Bank deposits 84.26m NOK → 37.23m NOK (-55.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -38.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 1.09m NOK → 50.56m NOK. Reported fact