ABLY PRODUCTION AS: årsregnskap 2020 vs 2019
Slipped into loss, cash halved-plus
approved 2021-06-04; registry 2021-06-08; journal 2021 400999
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABLY PRODUCTION AS. Net result 0 NOK → -7 353 NOK. Equity -7 734 NOK → -15.1k NOK.
Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABLY PRODUCTION AS.
At a glance
Scorecard
Operating result
n/m
-7 360 NOK
—
Net result
0 NOK
-7 353 NOK
—
Equity
-7 734 NOK
-15.1k NOK
-95.1%
Cash
12.6k NOK
5 237 NOK
-58.4%
Total assets
12.6k NOK
5 237 NOK
-58.4%
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 0 NOK profit to a loss of 7 353 NOK. Calculated
-
↓
Equity eroded
Book equity -7 734 NOK → -15.1k NOK (equity ratio -61.4% → -288.1%). Calculated
-
↓
Cash fell
Bank deposits 12.6k NOK → 5 237 NOK (-58.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -288.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation