AFYX NORWAY AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-10-11; registry 2021-10-13; journal 2021 885748
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AFYX NORWAY AS. Revenue 0 NOK → 100 NOK. Net result -865.3k NOK → -1.08m NOK. Equity 30.0k NOK → -1.98m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for AFYX NORWAY AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 0 NOK to 100 NOK. Calculated
-
↑
Cash rose
Bank deposits 3 346 NOK → 32.5k NOK (+869.8% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +917 NOK → -1 058 NOK. Calculated
-
↓
Net result weakened
Net result -865.3k NOK → -1.08m NOK. Calculated
-
↓
Equity eroded
Book equity 30.0k NOK → -1.98m NOK (equity ratio 3.4% → -4763.5%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.04× → 0.37× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -4763.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 30.0k NOK → 16.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Payroll increased
Salary cost 785.9k NOK → 818.5k NOK. Calculated