AGGREGATED GAS RESOURCES AS: årsregnskap 2021 vs 2020
Slipped into loss, cash halved-plus
registry 2022-07-14; journal 2022 710196
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AGGREGATED GAS RESOURCES AS. Revenue 0 NOK → 0 NOK (0.0%). Net result +6 439 NOK → -7 038 NOK. Equity -35.0k NOK → -42.0k NOK.
On the constructive side: operating result improved. Pressures included: fell into a net loss; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AGGREGATED GAS RESOURCES AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -300 NOK → -299 NOK. Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 6 439 NOK profit to a loss of 7 038 NOK. Calculated
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↓
Equity eroded
Book equity -35.0k NOK → -42.0k NOK (equity ratio -512.9% → -50035.7%). Calculated
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↓
Cash fell
Bank deposits 84.4k NOK → 84 NOK (-99.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.02× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -50035.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation