ADAPTA AVIATION AS: årsregnskap 2020 vs 2019
Slipped into loss, cash halved-plus
approved 2021-08-11; registry 2021-08-14; journal 2021 631580
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADAPTA AVIATION AS. Revenue 465.5k NOK → 465.5k NOK (0.0%). Net result +206.4k NOK → -223.6k NOK. Equity -934.6k NOK → -1.16m NOK.
Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADAPTA AVIATION AS.
At a glance
Scorecard
What deteriorated
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Operating result weakened
Operating result +465.5k NOK → -5 465 NOK (op. margin 100.0% → -1.2%). Calculated
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Fell into a net loss
Net result flipped from 206.4k NOK profit to a loss of 223.6k NOK. Calculated
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Equity eroded
Book equity -934.6k NOK → -1.16m NOK (equity ratio -90.9% → -115.2%). Calculated
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Cash fell
Bank deposits 1 969 NOK → 413 NOK (-79.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -115.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation