PEXIP HOLDING ASA: årsregnskap 2020 vs 2019
Shrank 100% on revenue, weaker earnings
approved 2021-04-28; registry 2021-07-12; journal 2021 473493
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for PEXIP HOLDING ASA. Revenue 370.0k NOK → 0 NOK (-100.0%). Net result -185.3k NOK → -95.99m NOK. Equity 877.18m NOK → 1.97m NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for PEXIP HOLDING ASA.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 3.50m NOK → 884.57m NOK (+25148.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.02× → 112.87×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 370.0k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -238.0k NOK → -57.11m NOK. Calculated
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↓
Net result weakened
Net result -185.3k NOK → -95.99m NOK. Calculated
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↓
Equity eroded
Book equity 877.18m NOK → 1.97m NOK (equity ratio 84.7% → 0.1%). Calculated
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↓
COGS moved
COGS / varekostnad 18.78m NOK → 42.58m NOK (+126.8% YoY). 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 861.27m NOK → 2.03m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 1.03bn NOK → 1.06bn NOK. Reported fact