ACAO AS: årsregnskap 2019 vs 2018
Shrank 16% on revenue, stronger earnings
approved 2020-09-04; registry 2020-09-17; journal 2020 822947
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACAO AS. Revenue 200.1k NOK → 168.0k NOK (-16.1%). Net result +64.9k NOK → +1.10m NOK. Equity 959.5k NOK → 856.3k NOK.
On the constructive side: net result improved; cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACAO AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +64.9k NOK → +1.10m NOK (net margin 32.5% → 652.8%). Calculated
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Cash rose
Bank deposits 33.5k NOK → 327.0k NOK (+876.1% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.75× → 1.20×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 200.1k NOK to 168.0k NOK (-16.1% YoY). Calculated
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↓
Equity eroded
Book equity 959.5k NOK → 856.3k NOK (equity ratio 94.0% → 53.0%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 10.0k NOK → 15.0k NOK. Reported fact