AH TERMINALEN AS: årsregnskap 2020 vs 2019
Grew 33% on revenue, slipped into loss, cash halved-plus
approved 2021-04-14; registry 2021-08-12; journal 2021 608922
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AH TERMINALEN AS. Revenue 1.92m NOK → 2.55m NOK (+32.8%). Net result +444.9k NOK → -14.32m NOK. Equity 9.36m NOK → -4.96m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AH TERMINALEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.92m NOK to 2.55m NOK (+32.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +898.0k NOK → -17.51m NOK (op. margin 46.7% → -685.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 444.9k NOK profit to a loss of 14.32m NOK. Calculated
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↓
Equity eroded
Book equity 9.36m NOK → -4.96m NOK (equity ratio 46.5% → -15.8%). Calculated
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↓
Cash fell
Bank deposits 774.2k NOK → 159.4k NOK (-79.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.66× → 0.06× — 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 -15.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 5 NOK → 15.9k NOK (0% → 1% of revenue). Calculated