ACFP AS: årsregnskap 2020 vs 2019
Cash halved-plus, fresh owner capital
approved 2021-05-27; registry 2021-07-06; journal 2021 449219
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACFP AS. Revenue 0 NOK → 185.0k NOK. Net result -121.93m NOK → -107.35m NOK. Equity -68.98m NOK → -176.33m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for ACFP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 185.0k NOK. Calculated
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↑
Operating result improved
Operating result -116.89m NOK → -104.75m NOK. Calculated
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↑
Net result improved
Net result -121.93m NOK → -107.35m NOK. Calculated
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↑
Owners injected capital
Paid-in equity rose 52.20m NOK → 82.99m NOK (+30.80m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity -68.98m NOK → -176.33m NOK (equity ratio -45.3% → -328.5%). Calculated
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↓
Cash fell
Bank deposits 2.42m NOK → 319.0k NOK (-86.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -328.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.42m NOK → 319.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation