1350 HOLDING AS: årsregnskap 2020 vs 2019
Slipped into loss
approved 2021-07-31; registry 2021-09-06; journal 2021 729886
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 1350 HOLDING AS. Net result 0 NOK → -42.7k NOK. Equity 14.1k NOK → -28.6k NOK.
On the constructive side: payroll decreased. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 1350 HOLDING AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 10.2k NOK → 2 259 NOK. Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 0 NOK profit to a loss of 42.7k NOK. Calculated
-
↓
Equity eroded
Book equity 14.1k NOK → -28.6k NOK (equity ratio 100.0% → -110.2%). Calculated
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↓
Cash fell
Bank deposits 14.1k NOK → 10.9k NOK (-22.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -110.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation