EGW HOLDING AS: årsregnskap 2020 vs 2019
Stronger earnings
approved 2021-06-18; registry 2021-07-01; journal 2021 506569
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for EGW HOLDING AS. Revenue 0 NOK → 1 500 NOK. Net result -21.2k NOK → -9 725 NOK. Equity 727 NOK → -8 998 NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for EGW HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 1 500 NOK. Calculated
-
↑
Net result improved
Net result -21.2k NOK → -9 725 NOK. Calculated
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↑
Cash rose
Bank deposits 3 502 NOK → 55.6k NOK (+1488.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -6 328 NOK → -7 891 NOK. Calculated
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↓
Equity eroded
Book equity 727 NOK → -8 998 NOK (equity ratio 0.3% → -2.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 75.9k NOK → 2.11m NOK. Reported fact