ACCION AS: årsregnskap 2018 vs 2017
Shrank 57% on revenue
approved 2019-09-23; registry 2019-09-25; journal 2019 937447
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACCION AS. Revenue 1.32m NOK → 571.9k NOK (-56.7%). Equity 2.49m NOK → 1.06m NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACCION AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 228.5k NOK → 280.6k NOK (+22.8% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.32m NOK to 571.9k NOK (-56.7% YoY). Calculated
-
↓
Equity eroded
Book equity 2.49m NOK → 1.06m NOK (equity ratio 23.7% → 9.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 9.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 2.40m NOK → 1 NOK. Reported fact