ADELANTE AS: årsregnskap 2020 vs 2019
Another loss-making year
approved 2021-06-23; registry 2021-10-05; journal 2021 875096
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADELANTE AS. Net result -81.1k NOK → -66.2k NOK. Equity -51.1k NOK → -117.4k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADELANTE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -6 066 NOK → -1 085 NOK. Calculated
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↑
Net result improved
Net result -81.1k NOK → -66.2k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity -51.1k NOK → -117.4k NOK (equity ratio -1.3% → -3.0%). Calculated
-
↓
Cash fell
Bank deposits 23.9k NOK → 19.9k NOK (-16.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -3.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 3 865 NOK → 3.87m NOK. Reported fact