ABLECON HOLDING AS: årsregnskap 2020 vs 2019
Cash halved-plus
approved 2021-06-30; registry 2021-07-27; journal 2021 544126
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABLECON HOLDING AS. Net result -12.9k NOK → -12.6k NOK. Equity -17.0k NOK → -29.6k NOK.
On the constructive side: operating result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABLECON HOLDING AS.
At a glance
Scorecard
Operating result
-16.6k NOK
-16.1k NOK
+2.7%
Net result
-12.9k NOK
-12.6k NOK
+2.7%
Equity
-17.0k NOK
-29.6k NOK
-74.0%
Cash
1 297 NOK
344 NOK
-73.5%
Total assets
48.0k NOK
50.6k NOK
+5.4%
What improved
-
↑
Operating result improved
Operating result -16.6k NOK → -16.1k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity -17.0k NOK → -29.6k NOK (equity ratio -35.4% → -58.5%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -58.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation