A DRAGØY AS: årsregnskap 2020 vs 2019
Returned to profit
approved 2021-06-14; registry 2021-07-12; journal 2021 473607
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A DRAGØY AS. Revenue 11.62m NOK → 11.28m NOK (-3.0%). Net result -190.0k NOK → +125.2k NOK. Equity 10.33m NOK → 36.5k NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for A DRAGØY AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -280.7k NOK → +181.8k NOK (op. margin -2.4% → 1.6%). Calculated
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Turned profitable
Net result flipped from a loss of 190.0k NOK to a profit of 125.2k NOK. Calculated
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Cash rose
Bank deposits 3.42m NOK → 4.20m NOK (+23.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.62m NOK to 11.28m NOK (-3.0% YoY). Calculated
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↓
Equity eroded
Book equity 10.33m NOK → 36.5k NOK (equity ratio 87.0% → 0.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.00× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 6.71m NOK → 6.91m NOK (+3.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 63.9k NOK → 31.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 168.0k NOK → 1 000 NOK. Reported fact