AC EXPERIENCE AS: årsregnskap 2019 vs 2018
Grew 2013% on revenue, returned to profit
approved 2020-04-30; registry 2020-05-04; journal 2020 331736
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AC EXPERIENCE AS. Revenue 21.6k NOK → 456.3k NOK (+2012.6%). Net result -24.6k NOK → +17.3k NOK. Equity 5 380 NOK → 22.7k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AC EXPERIENCE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 21.6k NOK to 456.3k NOK (+2012.6% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 24.6k NOK to a profit of 17.3k NOK. Calculated
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Equity strengthened
Book equity 5 380 NOK → 22.7k NOK (equity ratio 14.1% → 8.4%). Calculated
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Cash rose
Bank deposits 32.0k NOK → 270.5k NOK (+745.9% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.97× → 1.09×. Calculated
Things to notice
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Thin equity buffer
Equity ratio is 8.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 0 NOK → 216.8k NOK (0% → 48% of revenue). Calculated
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COGS moved
COGS / varekostnad 14.4k NOK → 142.2k NOK (+885.2% YoY). Calculated