AC-SUNCARE INSTITUTE AS: årsregnskap 2019 vs 2018
Stronger earnings
approved 2020-06-01; registry 2020-06-13; journal 2020 430906
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AC-SUNCARE INSTITUTE AS. Revenue 24.7k NOK → 24.1k NOK (-2.4%). Net result -174.6k NOK → -44.5k NOK. Equity -3.39m NOK → -3.44m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AC-SUNCARE INSTITUTE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -175.9k NOK → -44.6k NOK (op. margin -711.2% → -184.6%). Calculated
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↑
Net result improved
Net result -174.6k NOK → -44.5k NOK (net margin -705.8% → -184.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 24.7k NOK to 24.1k NOK (-2.4% YoY). Calculated
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↓
Equity eroded
Book equity -3.39m NOK → -3.44m NOK (equity ratio -1569.9% → -2035.3%). Calculated
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↓
Cash fell
Bank deposits 174.8k NOK → 130.3k NOK (-25.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -2035.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 135.8k NOK → 14.2k NOK (-89.5% YoY). Calculated