ADCO INVEST AS: årsregnskap 2020 vs 2019
Another loss-making year
registry 2021-06-30; journal 2021 501618
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADCO INVEST AS. Equity 9 971 NOK → -285.4k NOK.
On the constructive side: operating result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADCO INVEST AS.
At a glance
Scorecard
Operating result
-13.0k NOK
-1 022 NOK
+92.1%
Net result
n/m
-295.4k NOK
—
Equity
9 971 NOK
-285.4k NOK
-2962.2%
Cash
71 NOK
451 NOK
+535.2%
Total assets
291.9k NOK
30.5k NOK
-89.6%
What improved
-
↑
Operating result improved
Operating result -13.0k NOK → -1 022 NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 9 971 NOK → -285.4k NOK (equity ratio 3.4% → -937.2%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -937.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 69.9k NOK → 30.0k NOK. Reported fact