ADMIRAL HOFF AS: årsregnskap 2020 vs 2019
Another loss-making year
approved 2021-05-24; registry 2021-07-01; journal 2021 505397
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADMIRAL HOFF AS. Net result -3 698 NOK → -4 411 NOK. Equity 20.7k NOK → 16.3k NOK.
Pressures included: equity eroded.
Also worth watching: operating result unchanged; thin equity buffer. All figures are taken from the published annual accounts for ADMIRAL HOFF AS.
At a glance
Scorecard
Operating result
-6 NOK
-6 NOK
0.0%
Net result
-3 698 NOK
-4 411 NOK
-19.3%
Equity
20.7k NOK
16.3k NOK
-21.3%
Cash
14.4k NOK
14.4k NOK
+0.0%
Total assets
224.4k NOK
224.4k NOK
+0.0%
What deteriorated
-
↓
Equity eroded
Book equity 20.7k NOK → 16.3k NOK (equity ratio 9.2% → 7.3%). Calculated
Things to notice
-
·
Operating result unchanged
Operating result -6 NOK → -6 NOK. Calculated
-
·
Thin equity buffer
Equity ratio is 7.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation