ACCRUITY AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue, stronger earnings, cash halved-plus
approved 2019-06-17; registry 2019-07-29; journal 2019 811768
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACCRUITY AS. Revenue 198.3k NOK → 198 NOK (-99.9%). Net result -765.6k NOK → -379.3k NOK. Equity 66.4k NOK → 687.0k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ACCRUITY AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -582.8k NOK → -380.6k NOK (op. margin -293.9% → -192236.9%). Calculated
-
↑
Net result improved
Net result -765.6k NOK → -379.3k NOK (net margin -386.1% → -191584.3%). Calculated
-
↑
Equity strengthened
Book equity 66.4k NOK → 687.0k NOK (equity ratio 27.3% → 74.9%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 198.3k NOK to 198 NOK (-99.9% YoY). Calculated
-
↓
Cash fell
Bank deposits 6.39m NOK → 465.2k NOK (-92.7% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (6.39m NOK → 465.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation