ADMIRAL ENERGY AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2021-05-18; registry 2021-09-18; journal 2021 768284
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADMIRAL ENERGY AS. Revenue 93.0k NOK → 0 NOK (-100.0%). Net result +49.5k NOK → -1 265 NOK. Equity -330.8k NOK → -332.1k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADMIRAL ENERGY AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 93.0k NOK to 0 NOK (-100.0% YoY). Calculated
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Operating result weakened
Operating result +92.5k NOK → -1 265 NOK. Calculated
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Fell into a net loss
Net result flipped from 49.5k NOK profit to a loss of 1 265 NOK. Calculated
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Equity eroded
Book equity -330.8k NOK → -332.1k NOK (equity ratio -636.9% → -655.3%). Calculated
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Cash fell
Bank deposits 1 946 NOK → 681 NOK (-65.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -655.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation