55 KNOP AS: årsregnskap 2020 vs 2019
Cash halved-plus
approved 2021-05-27; registry 2021-05-31; journal 2021 353997
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 55 KNOP AS. Net result -12.7k NOK → -11.2k NOK. Equity 26.8k NOK → 15.6k 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 55 KNOP AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -9 536 NOK → -8 276 NOK. Calculated
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↑
Net result improved
Net result -12.7k NOK → -11.2k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 26.8k NOK → 15.6k NOK (equity ratio 14.2% → 8.7%). Calculated
-
↓
Cash fell
Bank deposits 16.3k NOK → 7 578 NOK (-53.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation