ACA PROPERTY AS: årsregnskap 2019 vs 2018
Grew 51% on revenue, stronger earnings, cash halved-plus
approved 2020-08-14; registry 2020-08-26; journal 2020 699984
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACA PROPERTY AS. Revenue 469.7k NOK → 711.5k NOK (+51.5%). Net result -202.5k NOK → -93.6k NOK. Equity 680.5k NOK → 586.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACA PROPERTY AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 469.7k NOK to 711.5k NOK (+51.5% YoY). Calculated
-
↑
Operating result improved
Operating result -29.0k NOK → +211.8k NOK (op. margin -6.2% → 29.8%). Calculated
-
↑
Net result improved
Net result -202.5k NOK → -93.6k NOK (net margin -43.1% → -13.2%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 680.5k NOK → 586.9k NOK (equity ratio 8.6% → 7.6%). Calculated
-
↓
Cash fell
Bank deposits 918.5k NOK → 22.2k NOK (-97.6% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation