AH FALKENHAUG AS: årsregnskap 2020 vs 2019
Shrank 53% on revenue, weaker earnings, cash halved-plus
approved 2021-05-15; registry 2021-06-28; journal 2021 490398
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AH FALKENHAUG AS. Revenue 393.2k NOK → 184.0k NOK (-53.2%). Net result -96.8k NOK → -207.8k NOK. Equity -1.06m NOK → -1.27m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AH FALKENHAUG AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 393.2k NOK to 184.0k NOK (-53.2% YoY). Calculated
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Operating result weakened
Operating result -63.1k NOK → -186.5k NOK (op. margin -16.0% → -101.4%). Calculated
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Net result weakened
Net result -96.8k NOK → -207.8k NOK (net margin -24.6% → -113.0%). Calculated
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Equity eroded
Book equity -1.06m NOK → -1.27m NOK (equity ratio -45.5% → -67.5%). Calculated
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Cash fell
Bank deposits 514.0k NOK → 9 865 NOK (-98.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -67.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation