A.F HALLELAND HOLDING AS: årsregnskap 2020 vs 2019
Slipped into loss, cash halved-plus
approved 2021-06-24; registry 2021-09-20; journal 2021 771849
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.F HALLELAND HOLDING AS. Net result +132.3k NOK → -432.9k NOK. Equity 73.6k NOK → -359.3k NOK.
Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A.F HALLELAND HOLDING AS.
At a glance
Scorecard
What deteriorated
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Operating result weakened
Operating result -9 954 NOK → -15.0k NOK. Calculated
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Fell into a net loss
Net result flipped from 132.3k NOK profit to a loss of 432.9k NOK. Calculated
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Equity eroded
Book equity 73.6k NOK → -359.3k NOK (equity ratio 9.7% → -1357.0%). Calculated
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Cash fell
Bank deposits 341.4k NOK → 26.5k NOK (-92.2% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.11× → 0.07× — 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 -1357.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation