A/S INDOOR: årsregnskap 2020 vs 2019
Slipped into loss, cash halved-plus
approved 2021-06-28; registry 2021-09-27; journal 2021 745063
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A/S INDOOR. Revenue 1.37m NOK → 1.38m NOK (+1.2%). Net result +8.15m NOK → -57.4k NOK. Equity 569.5k NOK → 512.1k NOK.
On the constructive side: revenue rose. 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/S INDOOR.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.37m NOK to 1.38m NOK (+1.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +707.3k NOK → +378.0k NOK (op. margin 51.7% → 27.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 8.15m NOK profit to a loss of 57.4k NOK. Calculated
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↓
Equity eroded
Book equity 569.5k NOK → 512.1k NOK (equity ratio 3.9% → 3.6%). Calculated
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↓
Cash fell
Bank deposits 292.7k NOK → 19.3k NOK (-93.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation