Org.nr 913 646 940 2019 → 2020 Year-over-year analysis

AKB HOLDING AS: årsregnskap 2020 vs 2019

Another loss-making year

approved 2021-05-12; registry 2021-06-14; journal 2021 419425

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for AKB HOLDING AS. Net result -4 550 NOK → -6 746 NOK. Equity 3 391 NOK → -3 355 NOK.

Pressures included: operating result weakened; net result weakened; equity eroded.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AKB HOLDING AS.

At a glance

Operating result

-4 553 NOK -6 746 NOK

-48.2%

Net result

-4 550 NOK -6 746 NOK

-48.3%

Equity

3 391 NOK -3 355 NOK

-198.9%

Cash

2 610 NOK 2 031 NOK

-22.2%

Total assets

3 391 NOK 2 812 NOK

-17.1%

↓
Operating result weakened

Operating result -4 553 NOK → -6 746 NOK. Calculated
↓
Net result weakened

Net result -4 550 NOK → -6 746 NOK. Calculated
↓
Equity eroded

Book equity 3 391 NOK → -3 355 NOK (equity ratio 100.0% → -119.3%). Calculated

·
Thin equity buffer

Equity ratio is -119.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Book investments changed

Investment / intangible book value 781 NOK → 781.8k NOK. Reported fact