A.R. QURESHI & CO. AS: årsregnskap 2020 vs 2019
Cash halved-plus
approved 2021-07-06; registry 2021-07-10; journal 2021 550659
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A.R. QURESHI & CO. AS. Equity 21.2k NOK → 8 191 NOK.
Pressures included: operating result weakened; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Operating result
-8 854 NOK
-13.0k NOK
-46.3%
Net result
n/m
-13.0k NOK
—
Equity
21.2k NOK
8 191 NOK
-61.3%
Cash
4 435 NOK
217 NOK
-95.1%
Total assets
24.4k NOK
20.2k NOK
-17.3%
What deteriorated
-
↓
Operating result weakened
Operating result -8 854 NOK → -13.0k NOK. Calculated
-
↓
Equity eroded
Book equity 21.2k NOK → 8 191 NOK (equity ratio 86.6% → 40.5%). Calculated
-
↓
Cash fell
Bank deposits 4 435 NOK → 217 NOK (-95.1% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.35× → 0.02× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated