A.BORGE HOLDING AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2020-12-31; registry 2021-06-24; journal 2021 406465
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.BORGE HOLDING AS. Net result -5 570 NOK → -33.8k NOK. Equity 24.4k NOK → -9 375 NOK.
On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A.BORGE HOLDING AS.
At a glance
Scorecard
Operating result
-5 570 NOK
-3 805 NOK
+31.7%
Net result
-5 570 NOK
-33.8k NOK
-506.9%
Equity
24.4k NOK
-9 375 NOK
-138.4%
Cash
n/m
719 NOK
—
Total assets
30.0k NOK
719 NOK
-97.6%
What improved
-
↑
Operating result improved
Operating result -5 570 NOK → -3 805 NOK. Calculated
What deteriorated
-
↓
Net result weakened
Net result -5 570 NOK → -33.8k NOK. Calculated
-
↓
Equity eroded
Book equity 24.4k NOK → -9 375 NOK (equity ratio 81.4% → -1303.9%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -1303.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation