ABEC HOLDING AS: årsregnskap 2020 vs 2019
Slipped into loss
approved 2021-08-30; registry 2021-10-02; journal 2021 767712
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABEC HOLDING AS. Net result +10.8k NOK → -19.4k NOK. Equity 19.2k NOK → -229 NOK.
On the constructive side: cash 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 ABEC HOLDING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 5 455 NOK → 6 929 NOK (+27.0% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +10.8k NOK → -19.4k NOK. Calculated
-
↓
Fell into a net loss
Net result flipped from 10.8k NOK profit to a loss of 19.4k NOK. Calculated
-
↓
Equity eroded
Book equity 19.2k NOK → -229 NOK (equity ratio 93.9% → -1.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 4.36× → 0.31× — 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 -1.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation