ADOLF AA HOLDING AS: årsregnskap 2019 vs 2018
Slipped into loss, cash halved-plus
approved 2020-06-12; registry 2020-07-02; journal 2020 525281
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADOLF AA HOLDING AS. Net result +358.9k NOK → -387 NOK. Equity 11.48m NOK → 13.61m NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: fell into a net loss; cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADOLF AA HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -149.3k NOK → -121.2k NOK. Calculated
-
↑
Equity strengthened
Book equity 11.48m NOK → 13.61m NOK (equity ratio 88.3% → 63.6%). Calculated
What deteriorated
-
↓
Fell into a net loss
Net result flipped from 358.9k NOK profit to a loss of 387 NOK. Calculated
-
↓
Cash fell
Bank deposits 5 118 NOK → 333 NOK (-93.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 62.67× → 0.12× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 491.7k NOK → 3 517 NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 12.8k NOK → 21.29m NOK. Reported fact