AJ HORGENS VEI 1-9 AS: årsregnskap 2020 vs 2019
Slipped into loss
approved 2021-09-03; registry 2021-09-23; journal 2021 730752
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AJ HORGENS VEI 1-9 AS. Revenue 988.9k NOK → 973.7k NOK (-1.5%). Net result +126.6k NOK → -1 584 NOK. Equity 5 556 NOK → 3 972 NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AJ HORGENS VEI 1-9 AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 988.9k NOK to 973.7k NOK (-1.5% YoY). Calculated
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Operating result weakened
Operating result +749.5k NOK → +557.7k NOK (op. margin 75.8% → 57.3%). Calculated
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Fell into a net loss
Net result flipped from 126.6k NOK profit to a loss of 1 584 NOK. Calculated
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Equity eroded
Book equity 5 556 NOK → 3 972 NOK (equity ratio 0.0% → 0.0%). Calculated
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Cash fell
Bank deposits 437.8k NOK → 385.5k NOK (-12.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation