ACCON EIENDOM AS: årsregnskap 2019 vs 2018
Grew 70% on revenue, returned to profit, cash halved-plus
approved 2020-07-31; registry 2020-09-26; journal 2020 861427
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACCON EIENDOM AS. Revenue 837 NOK → 1 420 NOK (+69.7%). Net result -38.1k NOK → +109.5k NOK. Equity 30.0k NOK → 4.14m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ACCON EIENDOM AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 837 NOK to 1 420 NOK (+69.7% YoY). Calculated
-
↑
Operating result improved
Operating result -29.2k NOK → +808.4k NOK (op. margin -3491.0% → 56929.2%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 38.1k NOK to a profit of 109.5k NOK. Calculated
-
↑
Equity strengthened
Book equity 30.0k NOK → 4.14m NOK (equity ratio 0.2% → 24.4%). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 1.00m NOK → 392.0k NOK (-61.0% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 4.13× → 0.44× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.00m NOK → 392.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation