AK VELVÆRE AS: årsregnskap 2020 vs 2019
Cash halved-plus
registry 2021-05-29; journal 2021 341207
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AK VELVÆRE AS. Equity 23.2k NOK → -8 656 NOK.
Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AK VELVÆRE AS.
At a glance
Scorecard
Revenue
n/m
15.0k NOK
—
Operating result
n/m
-40.9k NOK
—
Net result
n/m
+1 NOK
—
Equity
23.2k NOK
-8 656 NOK
-137.3%
Cash
30.0k NOK
0 NOK
-100.0%
Total assets
30.0k NOK
13.2k NOK
-55.9%
What deteriorated
-
↓
Equity eroded
Book equity 23.2k NOK → -8 656 NOK (equity ratio 77.4% → -65.5%). Calculated
-
↓
Cash fell
Bank deposits 30.0k NOK → 0 NOK (-100.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 4.43× → 0.19× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -65.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation