ABEL DESIGN KJØKKEN & GARDEROBE AS: årsregnskap 2021 vs 2020
Cash halved-plus
registry 2022-06-01; journal 2022 387509
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABEL DESIGN KJØKKEN & GARDEROBE AS. Net result -65.5k NOK → -56.7k NOK. Equity -156.4k NOK → -213.2k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABEL DESIGN KJØKKEN & GARDEROBE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -65.5k NOK → -56.7k NOK. Calculated
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↑
Net result improved
Net result -65.5k NOK → -56.7k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity -156.4k NOK → -213.2k NOK (equity ratio -113.5% → -206.8%). Calculated
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↓
Cash fell
Bank deposits 903.8k NOK → 352.9k NOK (-61.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -206.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation