A-CIRCLE AS: årsregnskap 2019 vs 2018
Grew 31% on revenue, returned to profit
approved 2020-06-01; registry 2020-06-29; journal 2020 499659
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for A-CIRCLE AS. Revenue 6.14m NOK → 8.06m NOK (+31.2%). Net result -206.2k NOK → +85.8k NOK. Equity 955.4k NOK → 261.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved; book investments changed. All figures are taken from the published annual accounts for A-CIRCLE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.14m NOK to 8.06m NOK (+31.2% YoY). Calculated
-
↑
Operating result improved
Operating result +10 NOK → +1 447 NOK (op. margin 0.0% → 0.0%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 206.2k NOK to a profit of 85.8k NOK. Calculated
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↑
Cash rose
Bank deposits 365.6k NOK → 1.51m NOK (+313.7% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.55m NOK → 3.28m NOK (58% → 41% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 955.4k NOK → 261.2k NOK (equity ratio 24.1% → 6.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 184.1k NOK → 299.3k NOK (+62.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1 NOK → 75.2k NOK. Reported fact