A OLSEN HOLDING AS: årsregnskap 2020 vs 2019
Slipped into loss
approved 2020-12-31; registry 2021-07-17; journal 2021 500288
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A OLSEN HOLDING AS. Net result +1 NOK → -3 888 NOK. Equity 5 182 NOK → 1 294 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 OLSEN HOLDING AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -139 NOK → -3 890 NOK. Calculated
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↓
Fell into a net loss
Net result flipped from 1 NOK profit to a loss of 3 888 NOK. Calculated
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↓
Equity eroded
Book equity 5 182 NOK → 1 294 NOK (equity ratio 34.8% → 2.5%). Calculated
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↓
Cash fell
Bank deposits 14.9k NOK → 12.7k NOK (-14.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.53× → 0.25× — 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 2.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation