ACE ASSET MANAGEMENT AS: årsregnskap 2020 vs 2019
Shrank 130% on revenue, slipped into loss, cash halved-plus
registry 2021-10-11; journal 2021 884737
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACE ASSET MANAGEMENT AS. Revenue 182.3k NOK → -54.7k NOK (-130.0%). Net result +98.6k NOK → -102.0k NOK. Equity 208.5k NOK → 112.1k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ACE ASSET MANAGEMENT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 182.3k NOK to -54.7k NOK (-130.0% YoY). Calculated
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Operating result weakened
Operating result +138.8k NOK → -83.9k NOK (op. margin 76.1% → 153.5%). Calculated
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Fell into a net loss
Net result flipped from 98.6k NOK profit to a loss of 102.0k NOK. Calculated
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Equity eroded
Book equity 208.5k NOK → 112.1k NOK (equity ratio 16.6% → 20.5%). Calculated
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Cash fell
Bank deposits 899.3k NOK → 28.8k NOK (-96.8% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 295.4k NOK → 301 NOK — check capital reduction, conversion, or reclassification. Interpretation