A/S Vivat: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
approved 2021-08-31; registry 2021-10-18; journal 2021 830878
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for A/S Vivat. Revenue 735.0k NOK → 735.0k NOK (0.0%). Net result -4.45m NOK → -549.1k NOK. Equity -7.05m NOK → -7.60m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for A/S Vivat.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -967.0k NOK → -603.4k NOK (op. margin -131.6% → -82.1%). Calculated
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↑
Net result improved
Net result -4.45m NOK → -549.1k NOK (net margin -605.9% → -74.7%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -7.05m NOK → -7.60m NOK (equity ratio -135.7% → -166.0%). Calculated
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↓
Cash fell
Bank deposits 711.3k NOK → 111.3k NOK (-84.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -166.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 2.12m NOK → 2.10m NOK. Reported fact