FirmaIQ
Org.nr 912 378 977 2018 → 2019 Year-over-year analysis

ACE FUNDS AS: årsregnskap 2019 vs 2018

Grew 170% on revenue, returned to profit

approved 2020-10-15; registry 2020-10-21; journal 2020 958143

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ACE FUNDS AS. Revenue -764.8k NOK → 537.3k NOK (+170.3%). Net result -794.5k NOK → +436.9k NOK. Equity 1.40m NOK → 1.83m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
-764.8k NOK 537.3k NOK
+170.3%
Operating result
-808.6k NOK +431.2k NOK
+153.3%
Net result
-794.5k NOK +436.9k NOK
+155.0%
Equity
1.40m NOK 1.83m NOK
+31.3%
Cash
1.23m NOK 1.66m NOK
+35.6%
Total assets
1.40m NOK 1.84m NOK
+31.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from -764.8k NOK to 537.3k NOK (+170.3% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -808.6k NOK → +431.2k NOK (op. margin 105.7% → 80.3%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 794.5k NOK to a profit of 436.9k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity 1.40m NOK → 1.83m NOK (equity ratio 100.0% → 99.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 1.23m NOK → 1.66m NOK (+35.6% YoY). Calculated