ACTIVITY CONSULT FOLDVIK & ANDERSEN AS: årsregnskap 2020 vs 2019
Stronger earnings, cash halved-plus
approved 2020-12-31; registry 2021-10-04; journal 2021 870696
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIVITY CONSULT FOLDVIK & ANDERSEN AS. Revenue 7 310 NOK → 7 310 NOK (0.0%). Net result -265.5k NOK → -39.7k NOK. Equity -427.3k NOK → -467.1k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTIVITY CONSULT FOLDVIK & ANDERSEN AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -265.5k NOK → -39.7k NOK (op. margin -3632.4% → -543.5%). Calculated
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↑
Net result improved
Net result -265.5k NOK → -39.7k NOK (net margin -3632.4% → -543.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -427.3k NOK → -467.1k NOK (equity ratio -974.4% → -6626.9%). Calculated
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↓
Cash fell
Bank deposits 22.4k NOK → 133 NOK (-99.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6626.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation