501 HOLDING AS: årsregnskap 2020 vs 2019
Another loss-making year
approved 2021-08-27; registry 2021-08-30; journal 2021 697378
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 501 HOLDING AS. Net result -17.1k NOK → -7 647 NOK. Equity 7 128 NOK → -519 NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 501 HOLDING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -17.1k NOK → -7 645 NOK. Calculated
-
↑
Net result improved
Net result -17.1k NOK → -7 647 NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 7 128 NOK → -519 NOK (equity ratio 8.1% → -0.7%). Calculated
-
↓
Cash fell
Bank deposits 377.2k NOK → 275.4k NOK (-27.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation