AC-SUNCARE INSTITUTE AS: årsregnskap 2018 vs 2017
Grew 32% on revenue, weaker earnings
approved 2019-06-04; registry 2019-06-20; journal 2019 487436
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AC-SUNCARE INSTITUTE AS. Revenue 18.8k NOK → 24.7k NOK (+31.6%). Net result -59.5k NOK → -174.6k NOK. Equity -3.22m NOK → -3.39m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AC-SUNCARE INSTITUTE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 18.8k NOK to 24.7k NOK (+31.6% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -59.0k NOK → -175.9k NOK (op. margin -314.2% → -711.2%). Calculated
-
↓
Net result weakened
Net result -59.5k NOK → -174.6k NOK (net margin -316.4% → -705.8%). Calculated
-
↓
Equity eroded
Book equity -3.22m NOK → -3.39m NOK (equity ratio -900.4% → -1569.9%). Calculated
-
↓
Cash fell
Bank deposits 195.4k NOK → 174.8k NOK (-10.5% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -1569.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 23.1k NOK → 135.8k NOK (+488.3% YoY). Calculated