Org.nr 922 623 872 2019 → 2020 Year-over-year analysis

ERICHSEN HOLDING AS: årsregnskap 2020 vs 2019

Slipped into loss

approved 2021-07-27; registry 2021-08-11; journal 2021 624558

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ERICHSEN HOLDING AS. Net result +6 NOK → -8 718 NOK. Equity 21.2k NOK → 12.5k NOK.

On the constructive side: cash rose. Pressures included: fell into a net loss; equity eroded.

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

At a glance

Operating result

n/m -8 718 NOK

—

Net result

+6 NOK -8 718 NOK

-145400.0%

Equity

21.2k NOK 12.5k NOK

-41.1%

Cash

1 186 NOK 2 467 NOK

+108.0%

Total assets

21.2k NOK 280.7k NOK

+1224.8%

↓
Fell into a net loss

Net result flipped from 6 NOK profit to a loss of 8 718 NOK. Calculated
↓
Equity eroded

Book equity 21.2k NOK → 12.5k NOK (equity ratio 100.0% → 4.4%). Calculated

·
Thin equity buffer

Equity ratio is 4.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Book investments changed

Investment / intangible book value 20.0k NOK → 5 001 NOK. Reported fact