ACB AUTO-MEDIA AS: årsregnskap 2018 vs 2017
Shrank 23% on revenue, stronger earnings
approved 2019-05-27; registry 2019-06-15; journal 2019 439134
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACB AUTO-MEDIA AS. Revenue 2.46m NOK → 1.91m NOK (-22.5%). Net result +47.6k NOK → +81.2k NOK. Equity 465.8k NOK → 277.0k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ACB AUTO-MEDIA AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +61.3k NOK → +108.3k NOK (op. margin 2.5% → 5.7%). Calculated
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↑
Net result improved
Net result +47.6k NOK → +81.2k NOK (net margin 1.9% → 4.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.46m NOK to 1.91m NOK (-22.5% YoY). Calculated
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↓
Equity eroded
Book equity 465.8k NOK → 277.0k NOK (equity ratio 76.5% → 66.0%). Calculated
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↓
Cash fell
Bank deposits 180.7k NOK → 105.4k NOK (-41.7% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 300.0k NOK → 30.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 2.02m NOK → 1.44m NOK (-28.6% YoY). Calculated