ABAN INTERNATIONAL NORWAY AS: årsregnskap 2020 vs 2019
Weaker earnings, cash halved-plus
approved 2020-09-23; registry 2020-11-02; journal 2020 964812
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABAN INTERNATIONAL NORWAY AS. Net result -366.40m NOK → -677.75m NOK. Equity 667.24m NOK → -10.51m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABAN INTERNATIONAL NORWAY AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result +263.0k NOK → -251.0k NOK. Calculated
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↓
Net result weakened
Net result -366.40m NOK → -677.75m NOK. Calculated
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↓
Equity eroded
Book equity 667.24m NOK → -10.51m NOK (equity ratio 68.0% → -7.1%). Calculated
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↓
Cash fell
Bank deposits 5.06m NOK → 44.0k NOK (-99.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.06m NOK → 44.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 975.82m NOK → 147.18m NOK. Reported fact