ELMERA GROUP ASA: årsregnskap 2020 vs 2019
Shrank 100% on revenue, cash halved-plus
approved 2021-04-21; registry 2021-07-01; journal 2021 425401
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ELMERA GROUP ASA. Revenue 7.12bn NOK → 538.0k NOK (-100.0%). Net result +383.5k NOK → +400.1k NOK. Equity 987.9k NOK → 1.83m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ELMERA GROUP ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 987.9k NOK → 1.83m NOK (equity ratio 0.1% → 0.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.12bn NOK to 538.0k NOK (-100.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +482.7k NOK → -28.93m NOK (op. margin 0.0% → -5378.1%). Calculated
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↓
Cash fell
Bank deposits 775.5k NOK → 0 NOK (-100.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 7565.56× → 0.91× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 733.90m NOK → 1.60m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 734.23m NOK → 2.30m NOK. Reported fact