ABRAX AS: årsregnskap 2020 vs 2019
Weaker earnings, cash halved-plus
approved 2021-04-29; registry 2021-05-03; journal 2021 254642
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ABRAX AS. Revenue 0 NOK → 0 NOK (0.0%). Net result -367.1k NOK → -538.6k NOK. Equity 30.0k NOK → -672.9k NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced. All figures are taken from the published annual accounts for ABRAX AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -367.1k NOK → -538.6k NOK. Calculated
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↓
Net result weakened
Net result -367.1k NOK → -538.6k NOK. Calculated
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↓
Equity eroded
Book equity 30.0k NOK → -672.9k NOK (equity ratio 4.1% → -127.1%). Calculated
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↓
Cash fell
Bank deposits 14.1k NOK → 1 920 NOK (-86.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -127.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 398.2k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation