AC DESIGNTECH AS: årsregnskap 2019 vs 2018
Shrank 27% on revenue, weaker earnings
approved 2020-09-09; registry 2020-09-16; journal 2020 820359
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AC DESIGNTECH AS. Revenue 568.4k NOK → 412.3k NOK (-27.5%). Net result -2 628 NOK → -196.3k NOK. Equity 491.5k NOK → 295.2k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 20.2k NOK → 268.5k NOK (+1228.9% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 568.4k NOK to 412.3k NOK (-27.5% YoY). Calculated
-
↓
Operating result weakened
Operating result -35.5k NOK → -149.5k NOK (op. margin -6.2% → -36.3%). Calculated
-
↓
Net result weakened
Net result -2 628 NOK → -196.3k NOK (net margin -0.5% → -47.6%). Calculated
-
↓
Equity eroded
Book equity 491.5k NOK → 295.2k NOK (equity ratio 94.2% → 88.7%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 176.2k NOK → 361.7k NOK (31% → 88% of revenue). Calculated