Org.nr 981 001 338 2018 → 2019 Year-over-year analysis

ACCOUNTOR CREDIT AS: årsregnskap 2019 vs 2018

Shrank 10% on revenue

approved 2020-06-29; registry 2020-08-05; journal 2020 646794

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ACCOUNTOR CREDIT AS. Revenue 6.58m NOK → 5.89m NOK (-10.4%). Equity 3.53m NOK → 4.15m NOK.

On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACCOUNTOR CREDIT AS.

At a glance

Revenue

6.58m NOK 5.89m NOK

-10.4%

Operating result

n/m +522.8k NOK

—

Net result

n/m +622.1k NOK

—

Equity

3.53m NOK 4.15m NOK

+17.6%

Cash

246.1k NOK 1.47m NOK

+497.8%

Total assets

4.55m NOK 5.12m NOK

+12.6%

↑
Equity strengthened

Book equity 3.53m NOK → 4.15m NOK (equity ratio 77.6% → 81.1%). Calculated
↑
Cash rose

Bank deposits 246.1k NOK → 1.47m NOK (+497.8% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.24× → 3.19×. Calculated
↑
Payroll decreased

Salary cost 2.83m NOK → 2.79m NOK (43% → 47% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 6.58m NOK to 5.89m NOK (-10.4% YoY). Calculated

·
Book investments changed

Investment / intangible book value 1.89m NOK → 1.96m NOK. Reported fact