1975 HOLDING AS: årsregnskap 2020 vs 2019
Another loss-making year
approved 2021-05-25; registry 2021-05-27; journal 2021 331721
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 1975 HOLDING AS. Net result -1 655 NOK → -11.0k NOK. Equity 17.8k NOK → 6 773 NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 1975 HOLDING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 275 NOK → 372.3k NOK (+135272.7% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.06× → 3.21×. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -1 656 NOK → -10.9k NOK. Calculated
-
↓
Net result weakened
Net result -1 655 NOK → -11.0k NOK. Calculated
-
↓
Equity eroded
Book equity 17.8k NOK → 6 773 NOK (equity ratio 78.0% → 5.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 22.5k NOK → 122.5k NOK. Reported fact