Org.nr 961 387 582 2019 → 2020 Year-over-year analysis

ADMIN24 AS: årsregnskap 2020 vs 2019

Weaker earnings, cash halved-plus

approved 2020-12-31; registry 2021-05-03; journal 2021 248036

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADMIN24 AS. Net result -16.7k NOK → -175.8k NOK. Equity -58.3k NOK → -234.1k 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 ADMIN24 AS.

At a glance

Revenue

75.3k NOK n/m

—

Operating result

-2 177 NOK -175.7k NOK

-7972.7%

Net result

-16.7k NOK -175.8k NOK

-950.1%

Equity

-58.3k NOK -234.1k NOK

-301.5%

Cash

6 662 NOK -3 045 NOK

-145.7%

Total assets

1.17m NOK 985.2k NOK

-15.7%

↓
Operating result weakened

Operating result -2 177 NOK → -175.7k NOK. Calculated
↓
Net result weakened

Net result -16.7k NOK → -175.8k NOK. Calculated
↓
Equity eroded

Book equity -58.3k NOK → -234.1k NOK (equity ratio -5.0% → -23.8%). Calculated
↓
Cash fell

Bank deposits 6 662 NOK → -3 045 NOK (-145.7% YoY). Calculated

·
Thin equity buffer

Equity ratio is -23.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation