AGINCOURT INVEST AS: årsregnskap 2020 vs 2019
Slipped into loss, cash halved-plus
approved 2021-05-18; registry 2021-06-03; journal 2021 385956
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AGINCOURT INVEST AS. Net result +835.3k NOK → -147.4k NOK. Equity 80.6k NOK → -66.8k NOK.
Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AGINCOURT INVEST AS.
At a glance
Scorecard
What deteriorated
-
↓
Operating result weakened
Operating result +71.4k NOK → -973.6k NOK. Calculated
-
↓
Fell into a net loss
Net result flipped from 835.3k NOK profit to a loss of 147.4k NOK. Calculated
-
↓
Equity eroded
Book equity 80.6k NOK → -66.8k NOK (equity ratio 0.7% → -0.5%). Calculated
-
↓
Cash fell
Bank deposits 151.8k NOK → 37.9k NOK (-75.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -0.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 10.98m NOK → 11.77m NOK. Reported fact