ACHATES INVEST AS: årsregnskap 2020 vs 2019
Another loss-making year
approved 2021-08-05; registry 2021-08-30; journal 2021 692280
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACHATES INVEST AS. Net result -2 570 NOK → -4 068 NOK. Equity -1.37m NOK → -1.37m NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACHATES INVEST AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -2 570 NOK → -4 068 NOK. Calculated
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↓
Net result weakened
Net result -2 570 NOK → -4 068 NOK. Calculated
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↓
Equity eroded
Book equity -1.37m NOK → -1.37m NOK (equity ratio -160.9% → -1360.8%). Calculated
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↓
Cash fell
Bank deposits 850.9k NOK → 772.9k NOK (-9.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1360.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation