52 DRIFT AS: årsregnskap 2020 vs 2019
Grew 640% on revenue
approved 2021-02-10; registry 2021-03-08; journal 2021 136432
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 52 DRIFT AS. Revenue 811 NOK → 6 000 NOK (+639.8%). Equity 39.8k NOK → -3 933 NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 52 DRIFT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 811 NOK to 6 000 NOK (+639.8% YoY). Calculated
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↑
Operating result improved
Operating result -59.9k NOK → -43.7k NOK (op. margin -7386.3% → -728.3%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 39.8k NOK → -3 933 NOK (equity ratio 60.0% → -34.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.50× → 0.75× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -34.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation