EMPOWERED AS: årsregnskap 2020 vs 2019
Another loss-making year
approved 2021-08-31; registry 2021-09-25; journal 2021 805072
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for EMPOWERED AS. Net result -11.8k NOK → -9 240 NOK. Equity -41.1k NOK → -50.3k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for EMPOWERED AS.
At a glance
Scorecard
Operating result
-11.8k NOK
-9 240 NOK
+21.4%
Net result
-11.8k NOK
-9 240 NOK
+21.4%
Equity
-41.1k NOK
-50.3k NOK
-22.5%
Cash
575.6k NOK
575.6k NOK
0.0%
Total assets
575.6k NOK
575.6k NOK
0.0%
What improved
-
↑
Operating result improved
Operating result -11.8k NOK → -9 240 NOK. Calculated
-
↑
Net result improved
Net result -11.8k NOK → -9 240 NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity -41.1k NOK → -50.3k NOK (equity ratio -7.1% → -8.7%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation