ACCIGO AS: årsregnskap 2018 vs 2017
Grew 1993% on revenue, weaker earnings
approved 2018-08-16; registry 2019-01-30; journal 2019 204278
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACCIGO AS. Revenue 567.2k NOK → 11.87m NOK (+1993.2%). Net result -5 385 NOK → -2.78m NOK. Equity -5.29m NOK → -8.07m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ACCIGO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 567.2k NOK to 11.87m NOK (+1993.2% YoY). Calculated
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↑
Cash rose
Bank deposits 237.3k NOK → 345.1k NOK (+45.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -5 385 NOK → -3.56m NOK (op. margin -0.9% → -30.0%). Calculated
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↓
Net result weakened
Net result -5 385 NOK → -2.78m NOK (net margin -0.9% → -23.4%). Calculated
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↓
Equity eroded
Book equity -5.29m NOK → -8.07m NOK (equity ratio -1028.7% → -3986.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 165.94× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -3986.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2 469 NOK → 8.52m NOK (0% → 72% of revenue). Calculated