ADMIRAL INVEST AS: årsregnskap 2021 vs 2020
Another loss-making year
registry 2022-11-05; journal 2022 941575
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADMIRAL INVEST AS. Net result -13.7k NOK → -13.3k NOK. Equity 16.3k NOK → 3 094 NOK.
On the constructive side: operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADMIRAL INVEST AS.
At a glance
Scorecard
Operating result
-13.7k NOK
-13.2k NOK
+3.3%
Net result
-13.7k NOK
-13.3k NOK
+3.0%
Equity
16.3k NOK
3 094 NOK
-81.1%
Cash
86.3k NOK
75.0k NOK
-13.2%
Total assets
116.3k NOK
105.0k NOK
-9.8%
What improved
-
↑
Operating result improved
Operating result -13.7k NOK → -13.2k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 16.3k NOK → 3 094 NOK (equity ratio 14.0% → 2.9%). Calculated
-
↓
Cash fell
Bank deposits 86.3k NOK → 75.0k NOK (-13.2% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation