ACCENTURE SERVICES AS: årsregnskap 2018 vs 2017
Shrank 10% on revenue, weaker earnings, cash halved-plus
approved 2018-12-06; registry 2019-01-14; journal 2019 201182
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACCENTURE SERVICES AS. Revenue 35.25m NOK → 31.84m NOK (-9.7%). Net result +2.02m NOK → +4 NOK. Equity 79.62m NOK → 8.11m NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ACCENTURE SERVICES AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +2.24m NOK → +2.67m NOK (op. margin 6.4% → 8.4%). Calculated
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Payroll decreased
Salary cost 27.71m NOK → 26.27m NOK (79% → 83% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 35.25m NOK to 31.84m NOK (-9.7% YoY). Calculated
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Net result weakened
Net result +2.02m NOK → +4 NOK (net margin 5.7% → 0.0%). Calculated
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Equity eroded
Book equity 79.62m NOK → 8.11m NOK (equity ratio 90.6% → 9.1%). Calculated
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Cash fell
Bank deposits 84.80m NOK → 9.20m NOK (-89.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (84.80m NOK → 9.20m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 45.00m NOK → 1.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 3.68m NOK → 1.49m NOK (-59.5% YoY). Calculated