A.C.G. AS: årsregnskap 2019 vs 2018
Shrank 73% on revenue, slipped into loss, cash halved-plus
approved 2020-08-20; registry 2020-08-31; journal 2020 718761
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A.C.G. AS. Revenue 3.30m NOK → 879.3k NOK (-73.3%). Net result +357.3k NOK → -434.2k NOK. Equity -177.1k NOK → -611.3k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for A.C.G. AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 143.4k NOK → 133.6k NOK (4% → 15% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.30m NOK to 879.3k NOK (-73.3% YoY). Calculated
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↓
Operating result weakened
Operating result +408.2k NOK → -500.1k NOK (op. margin 12.4% → -56.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 357.3k NOK profit to a loss of 434.2k NOK. Calculated
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↓
Equity eroded
Book equity -177.1k NOK → -611.3k NOK (equity ratio -14.2% → -56.7%). Calculated
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↓
Cash fell
Bank deposits 126.5k NOK → 489 NOK (-99.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -56.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 218.1k NOK → 69.4k NOK (-68.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 25.5k NOK → 135.5k NOK. Reported fact