FirmaIQ
Org.nr 913 685 733 2018 → 2019 Year-over-year analysis

A-CON AS: årsregnskap 2019 vs 2018

Shrank 18% on revenue, slipped into loss, cash halved-plus

approved 2020-12-20; registry 2020-12-22; journal 2020 976363

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for A-CON AS. Revenue 8.44m NOK → 6.92m NOK (-18.0%). Net result +1.43m NOK → -3.31m NOK. Equity 3.30m NOK → -12.0k NOK.

On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A-CON AS.

At a glance

Scorecard

Revenue
8.44m NOK 6.92m NOK
-18.0%
Operating result
+1.87m NOK +3.13m NOK
+67.5%
Net result
+1.43m NOK -3.31m NOK
-331.3%
Equity
3.30m NOK -12.0k NOK
-100.4%
Cash
113.8k NOK 11.7k NOK
-89.8%
Total assets
7.98m NOK 4.61m NOK
-42.2%

What improved

  • ↑

    Operating result improved

    Operating result +1.87m NOK → +3.13m NOK (op. margin 22.2% → 45.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 8.44m NOK to 6.92m NOK (-18.0% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 1.43m NOK profit to a loss of 3.31m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 3.30m NOK → -12.0k NOK (equity ratio 41.4% → -0.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 113.8k NOK → 11.7k NOK (-89.8% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.93× → 0.23× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation