ADL PRODUKTER AS: årsregnskap 2020 vs 2019
Weaker earnings, cash halved-plus
approved 2021-04-05; registry 2021-04-29; journal 2021 212073
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADL PRODUKTER AS. Net result -157.0k NOK → -263.3k NOK. Equity -351.1k NOK → -614.4k NOK.
Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADL PRODUKTER AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -157.0k NOK → -263.3k NOK. Calculated
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↓
Net result weakened
Net result -157.0k NOK → -263.3k NOK. Calculated
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↓
Equity eroded
Book equity -351.1k NOK → -614.4k NOK (equity ratio -141.3% → -640.7%). Calculated
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↓
Cash fell
Bank deposits 52.6k NOK → 9 NOK (-100.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -640.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation