ACE ASSET MANAGEMENT AS: årsregnskap 2019 vs 2018
Grew 206% on revenue, returned to profit
approved 2020-05-09; registry 2020-05-13; journal 2020 351939
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACE ASSET MANAGEMENT AS. Revenue -171.3k NOK → 182.3k NOK (+206.4%). Net result -211.4k NOK → +98.6k NOK. Equity 109.9k NOK → 208.5k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from -171.3k NOK to 182.3k NOK (+206.4% YoY). Calculated
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↑
Operating result improved
Operating result -181.2k NOK → +138.8k NOK (op. margin 105.8% → 76.1%). Calculated
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Turned profitable
Net result flipped from a loss of 211.4k NOK to a profit of 98.6k NOK. Calculated
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↑
Equity strengthened
Book equity 109.9k NOK → 208.5k NOK (equity ratio 9862.1% → 16.6%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 929.2k NOK → 899.3k NOK (-3.2% YoY). Calculated