FirmaIQ
Org.nr 814 537 102 2018 → 2019 Year-over-year analysis

ACCON GROUP AS: årsregnskap 2019 vs 2018

Shrank 22% on revenue

approved 2020-09-30; registry 2020-10-21; journal 2020 957881

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ACCON GROUP AS. Revenue 8.29m NOK → 6.51m NOK (-21.5%). Net result +7.04m NOK → +6.72m NOK. Equity 38.94m NOK → 51.30m NOK.

On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; payroll up without matching revenue.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACCON GROUP AS.

At a glance

Scorecard

Revenue
8.29m NOK 6.51m NOK
-21.5%
Net result
+7.04m NOK +6.72m NOK
-4.6%
Equity
38.94m NOK 51.30m NOK
+31.7%
Cash
135.7k NOK 286.8k NOK
+111.3%
Total assets
64.29m NOK 103.81m NOK
+61.5%

What improved

  • ↑

    Equity strengthened

    Book equity 38.94m NOK → 51.30m NOK (equity ratio 60.6% → 49.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 135.7k NOK → 286.8k NOK (+111.3% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 8.29m NOK to 6.51m NOK (-21.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.37m NOK → 4.51m NOK (29% → 69% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 26.8k NOK → 17.3k NOK (-35.5% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 50.36m NOK → 89.14m NOK. Reported fact