123 HOUSING AS: årsregnskap 2020 vs 2019
Slipped into loss
approved 2021-09-29; registry 2021-10-02; journal 2021 845770
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 123 HOUSING AS. Net result +15.5k NOK → -36.6k NOK. Equity 4 604 NOK → -32.0k NOK.
On the constructive side: cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 123 HOUSING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 1 028 NOK → 7 576 NOK (+637.0% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +19.8k NOK → -29.5k NOK. Calculated
-
↓
Fell into a net loss
Net result flipped from 15.5k NOK profit to a loss of 36.6k NOK. Calculated
-
↓
Equity eroded
Book equity 4 604 NOK → -32.0k NOK (equity ratio 56.2% → -422.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -422.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation