ACCENSUS AS: årsregnskap 2019 vs 2018
Grew 500% on revenue, stronger earnings, cash halved-plus
approved 2020-08-31; registry 2020-10-03; journal 2020 894640
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACCENSUS AS. Revenue 80.0k NOK → 480.0k NOK (+500.0%). Net result +4 838 NOK → +112.4k NOK. Equity 10.73m NOK → 9.69m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ACCENSUS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 80.0k NOK to 480.0k NOK (+500.0% YoY). Calculated
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↑
Operating result improved
Operating result +72.8k NOK → +304.7k NOK (op. margin 91.0% → 63.5%). Calculated
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↑
Net result improved
Net result +4 838 NOK → +112.4k NOK (net margin 6.0% → 23.4%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 10.73m NOK → 9.69m NOK (equity ratio 83.8% → 74.3%). Calculated
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↓
Cash fell
Bank deposits 2.05m NOK → 539.7k NOK (-73.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.05m NOK → 539.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 8.28m NOK → 71.5k NOK. Reported fact