ACE FUNDS AS: årsregnskap 2018 vs 2017
Shrank 346% on revenue, slipped into loss
approved 2019-07-31; registry 2019-09-11; journal 2019 934499
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACE FUNDS AS. Revenue 310.8k NOK → -764.8k NOK (-346.1%). Net result +217.0k NOK → -794.5k NOK. Equity 2.19m NOK → 1.40m NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACE FUNDS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 310.8k NOK to -764.8k NOK (-346.1% YoY). Calculated
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Operating result weakened
Operating result +272.4k NOK → -808.6k NOK (op. margin 87.7% → 105.7%). Calculated
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Fell into a net loss
Net result flipped from 217.0k NOK profit to a loss of 794.5k NOK. Calculated
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Equity eroded
Book equity 2.19m NOK → 1.40m NOK (equity ratio 100.0% → 100.0%). Calculated
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Cash fell
Bank deposits 1.95m NOK → 1.23m NOK (-37.0% YoY). Calculated
Things to notice
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Book investments changed
Investment / intangible book value 77.7k NOK → 5 454 NOK. Reported fact