ABILITY GROUP AS: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
approved 2021-08-24; registry 2021-09-09; journal 2021 686842
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABILITY GROUP AS. Net result -81.3k NOK → -50.1k NOK. Equity -520.9k NOK → -571.0k 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 ABILITY GROUP AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -66.8k NOK → -26.5k NOK. Calculated
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↑
Net result improved
Net result -81.3k NOK → -50.1k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity -520.9k NOK → -571.0k NOK (equity ratio -350.1% → -7685.8%). Calculated
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↓
Cash fell
Bank deposits 13.9k NOK → 6 554 NOK (-52.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -7685.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation