ABION AS: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus
registry 2022-07-05; journal 2022 618776
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ABION AS. Net result -4 119 NOK → -17.0k NOK. Equity 34.5k NOK → 17.5k NOK.
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 ABION AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -4 119 NOK → -17.0k NOK. Calculated
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↓
Net result weakened
Net result -4 119 NOK → -17.0k NOK. Calculated
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↓
Equity eroded
Book equity 34.5k NOK → 17.5k NOK (equity ratio 17.6% → 8.0%). Calculated
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↓
Cash fell
Bank deposits 45.6k NOK → 7 618 NOK (-83.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 150.0k NOK → 210 NOK. Reported fact