ACTION AS: årsregnskap 2020 vs 2019
Slipped into loss, cash halved-plus
approved 2021-05-31; registry 2021-07-22; journal 2021 535054
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTION AS. Net result +502.2k NOK → -2.55m NOK. Equity 985.6k NOK → -1.56m NOK.
Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACTION AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -12.3k NOK → -21.6k NOK. Calculated
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↓
Fell into a net loss
Net result flipped from 502.2k NOK profit to a loss of 2.55m NOK. Calculated
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↓
Equity eroded
Book equity 985.6k NOK → -1.56m NOK (equity ratio 20.1% → -65.2%). Calculated
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↓
Cash fell
Bank deposits 888.3k NOK → 145.1k NOK (-83.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -65.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 4.02m NOK → 2.25m NOK. Reported fact