ADA SOGNDAL AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-03-10; registry 2020-05-16; journal 2020 357967
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADA SOGNDAL AS. Equity 98.5k NOK → -52.0k NOK.
Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADA SOGNDAL AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result +528 NOK → -193.8k NOK. Calculated
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↓
Equity eroded
Book equity 98.5k NOK → -52.0k NOK (equity ratio 62.7% → -24.0%). Calculated
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↓
Cash fell
Bank deposits 23.9k NOK → 17.9k NOK (-24.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.68× → 0.06× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -24.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation