A.C.G. AS: årsregnskap 2018 vs 2017
Cash halved-plus
approved 2019-07-31; registry 2019-08-07; journal 2019 899106
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for A.C.G. AS. Revenue 3.15m NOK → 3.30m NOK (+4.8%). Net result +347.7k NOK → +357.3k NOK. Equity 180.2k NOK → -177.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for A.C.G. AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.15m NOK to 3.30m NOK (+4.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +482.6k NOK → +408.2k NOK (op. margin 15.3% → 12.4%). Calculated
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↓
Equity eroded
Book equity 180.2k NOK → -177.1k NOK (equity ratio 7.6% → -14.2%). Calculated
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↓
Cash fell
Bank deposits 254.7k NOK → 126.5k NOK (-50.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -14.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 308 NOK → 143.4k NOK (0% → 4% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 76.7k NOK → 218.1k NOK (+184.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1 162 NOK → 25.5k NOK. Reported fact