AJ CAPITAL MANAGEMENT AS: årsregnskap 2020 vs 2019
Slipped into loss, cash halved-plus
registry 2021-07-29; journal 2021 596372
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AJ CAPITAL MANAGEMENT AS. Revenue 0 NOK → 500 NOK. Net result +1 256 NOK → -4 720 NOK. Equity 11.19m NOK → 11.2k NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. 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 AJ CAPITAL MANAGEMENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 500 NOK. Calculated
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↑
Operating result improved
Operating result -7 830 NOK → -5 730 NOK. Calculated
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↑
Current ratio back above 1×
Current ratio -174.09× → 656.76×. Calculated
What deteriorated
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↓
Fell into a net loss
Net result flipped from 1 256 NOK profit to a loss of 4 720 NOK. Calculated
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↓
Equity eroded
Book equity 11.19m NOK → 11.2k NOK (equity ratio 3414.4% → 2.8%). Calculated
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↓
Cash fell
Bank deposits 36.2k NOK → -110.9k NOK (-406.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation