ACCRUE AS: årsregnskap 2018 vs 2017
Grew 6% on revenue, weaker earnings
approved 2019-04-23; registry 2019-05-04; journal 2019 305400
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACCRUE AS. Revenue 1.71m NOK → 1.81m NOK (+5.9%). Net result +977.5k NOK → +716.8k NOK. Equity 30.7k NOK → 30.4k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; cash fell.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for ACCRUE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.71m NOK to 1.81m NOK (+5.9% YoY). Calculated
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↑
Operating result improved
Operating result +901.1k NOK → +970.2k NOK (op. margin 52.6% → 53.5%). Calculated
What deteriorated
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↓
Net result weakened
Net result +977.5k NOK → +716.8k NOK (net margin 57.1% → 39.5%). Calculated
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↓
Cash fell
Bank deposits 908.6k NOK → 860.6k NOK (-5.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 720.2k NOK → 738.4k NOK (42% → 41% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 330.7k NOK → 39.0k NOK. Reported fact