ACCESS EVENT AS: årsregnskap 2020 vs 2019
Stronger earnings
approved 2021-06-30; registry 2021-07-05; journal 2021 521252
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACCESS EVENT AS. Revenue 15.0k NOK → 15.0k NOK (0.0%). Net result -212.6k NOK → -107.0k NOK. Equity 732.7k NOK → 625.7k NOK.
On the constructive side: net result improved; cash rose; payroll decreased. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACCESS EVENT AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -212.6k NOK → -107.0k NOK (net margin -1418.9% → -713.8%). Calculated
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Cash rose
Bank deposits 311.8k NOK → 352.0k NOK (+12.9% YoY). Calculated
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↑
Payroll decreased
Salary cost 5 385 NOK → 385 NOK (36% → 3% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 732.7k NOK → 625.7k NOK (equity ratio 8.8% → 4.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation