ABENDUM AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-06-21; registry 2021-07-01; journal 2021 510527
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABENDUM AS. Net result -5 569 NOK → -244.0k NOK. Equity 24.4k NOK → -219.6k NOK.
On the constructive side: cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABENDUM AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 30.0k NOK → 37.0k NOK (+23.3% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -5 570 NOK → -240.7k NOK. Calculated
-
↓
Net result weakened
Net result -5 569 NOK → -244.0k NOK. Calculated
-
↓
Equity eroded
Book equity 24.4k NOK → -219.6k NOK (equity ratio 81.4% → -140.2%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 5.39× → 0.03× — 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 -140.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 88.0k NOK → 7 NOK. Reported fact