ADER SPORTS AS: årsregnskap 2020 vs 2019
Slipped into loss
approved 2021-05-29; registry 2021-06-03; journal 2021 382526
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADER SPORTS AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +142.4k NOK → -9 163 NOK. Equity -261.4k NOK → -270.6k NOK.
Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADER SPORTS AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result +104.2k NOK → -9 164 NOK. Calculated
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↓
Fell into a net loss
Net result flipped from 142.4k NOK profit to a loss of 9 163 NOK. Calculated
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↓
Equity eroded
Book equity -261.4k NOK → -270.6k NOK (equity ratio -114.8% → -122.7%). Calculated
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↓
Cash fell
Bank deposits 17.3k NOK → 10.1k NOK (-41.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -122.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 81.8k NOK → 2 992 NOK (-96.3% YoY). Calculated