13BYTES AS: årsregnskap 2020 vs 2019
Cash halved-plus
approved 2021-05-31; registry 2021-06-21; journal 2021 451289
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 13BYTES AS. Equity 24.4k NOK → 14.2k NOK.
Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 13BYTES AS.
At a glance
Scorecard
Operating result
n/m
-10.3k NOK
—
Net result
n/m
-10.2k NOK
—
Equity
24.4k NOK
14.2k NOK
-41.9%
Cash
30.0k NOK
14.2k NOK
-52.7%
Total assets
30.0k NOK
560.6k NOK
+1768.5%
What deteriorated
-
↓
Equity eroded
Book equity 24.4k NOK → 14.2k NOK (equity ratio 81.4% → 2.5%). Calculated
-
↓
Cash fell
Bank deposits 30.0k NOK → 14.2k NOK (-52.7% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 374 NOK → 2 546 NOK. Reported fact