Org.nr 987 927 178 2019 → 2020 Year-over-year analysis

ABILITY HOLDING AS: årsregnskap 2020 vs 2019

Slipped into loss

approved 2021-09-22; registry 2021-10-20; journal 2021 845612

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ABILITY HOLDING AS. Net result +27.38m NOK → -2.38m NOK. Equity 50.34m NOK → 37.96m NOK.

Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABILITY HOLDING AS.

At a glance

Revenue

0 NOK n/m

—

Operating result

-220.1k NOK -1.71m NOK

-675.7%

Net result

+27.38m NOK -2.38m NOK

-108.7%

Equity

50.34m NOK 37.96m NOK

-24.6%

Cash

27.88m NOK 16.64m NOK

-40.3%

Total assets

50.38m NOK 41.42m NOK

-17.8%

↓
Operating result weakened

Operating result -220.1k NOK → -1.71m NOK. Calculated
↓
Fell into a net loss

Net result flipped from 27.38m NOK profit to a loss of 2.38m NOK. Calculated
↓
Equity eroded

Book equity 50.34m NOK → 37.96m NOK (equity ratio 99.9% → 91.7%). Calculated
↓
Cash fell

Bank deposits 27.88m NOK → 16.64m NOK (-40.3% YoY). Calculated

·
Book investments changed

Investment / intangible book value 19.04m NOK → 1.05m NOK. Reported fact