ACCURATE BUSINESS AS: årsregnskap 2019 vs 2018
Shrank 41% on revenue, stronger earnings, cash halved-plus
approved 2020-03-07; registry 2020-08-25; journal 2020 696816
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACCURATE BUSINESS AS. Revenue 1.45m NOK → 858.1k NOK (-41.0%). Net result +76.0k NOK → +223.4k NOK. Equity 371.7k NOK → 148.4k NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACCURATE BUSINESS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +99.9k NOK → +282.8k NOK (op. margin 6.9% → 33.0%). Calculated
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Net result improved
Net result +76.0k NOK → +223.4k NOK (net margin 5.2% → 26.0%). Calculated
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Current ratio back above 1×
Current ratio 0.54× → 1.58×. Calculated
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Payroll decreased
Salary cost 763.3k NOK → 557.2k NOK (52% → 65% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.45m NOK to 858.1k NOK (-41.0% YoY). Calculated
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Equity eroded
Book equity 371.7k NOK → 148.4k NOK (equity ratio 53.4% → 63.2%). Calculated
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Cash fell
Bank deposits 175.6k NOK → 49.4k NOK (-71.9% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 93.9k NOK → 65.4k NOK (-30.3% YoY). Calculated