AJ EIENDOMSUTVIKLING AS: årsregnskap 2020 vs 2019
Weaker earnings, cash halved-plus
approved 2021-11-05; registry 2021-11-13; journal 2021 896660
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AJ EIENDOMSUTVIKLING AS. Net result +9.97m NOK → +165.3k NOK. Equity 6.82m NOK → 5.48m NOK.
On the constructive side: operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AJ EIENDOMSUTVIKLING AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -66.2k NOK → -47.6k NOK. Calculated
What deteriorated
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↓
Net result weakened
Net result +9.97m NOK → +165.3k NOK. Calculated
-
↓
Equity eroded
Book equity 6.82m NOK → 5.48m NOK (equity ratio 98.8% → 81.7%). Calculated
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↓
Cash fell
Bank deposits 4.87m NOK → 49.3k NOK (-99.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.87m NOK → 49.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 2 555 NOK → 170.0k NOK. Reported fact