AC-MARINE AS: årsregnskap 2019 vs 2018
Shrank 24% on revenue, weaker earnings
approved 2020-03-18; registry 2020-04-04; journal 2020 274604
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AC-MARINE AS. Revenue 4.92m NOK → 3.74m NOK (-23.9%). Net result +1.81m NOK → +1.16m NOK. Equity 5.19m NOK → 6.34m NOK.
On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AC-MARINE AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 5.19m NOK → 6.34m NOK (equity ratio 78.1% → 90.3%). Calculated
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↑
Cash rose
Bank deposits 63.8k NOK → 1.15m NOK (+1700.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 1.22m NOK → 1.04m NOK (25% → 28% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.92m NOK to 3.74m NOK (-23.9% YoY). Calculated
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↓
Operating result weakened
Operating result +2.37m NOK → +1.48m NOK (op. margin 48.2% → 39.6%). Calculated
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↓
Net result weakened
Net result +1.81m NOK → +1.16m NOK (net margin 36.7% → 30.9%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 692.3k NOK → 542.0k NOK (-21.7% YoY). Calculated