FirmaIQ
Org.nr 912 378 977 2019 → 2020 Year-over-year analysis

ACE FUNDS AS: årsregnskap 2020 vs 2019

Shrank 353% on revenue, slipped into loss, cash halved-plus

approved 2021-09-02; registry 2021-10-18; journal 2021 832554

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ACE FUNDS AS. Revenue 537.3k NOK → -1.36m NOK (-352.7%). Net result +436.9k NOK → -1.62m NOK. Equity 1.83m NOK → 1.21m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ACE FUNDS AS.

At a glance

Scorecard

Revenue
537.3k NOK -1.36m NOK
-352.7%
Operating result
+431.2k NOK -1.45m NOK
-436.7%
Net result
+436.9k NOK -1.62m NOK
-471.8%
Equity
1.83m NOK 1.21m NOK
-34.0%
Cash
1.66m NOK 210.8k NOK
-87.3%
Total assets
1.84m NOK 216.3k NOK
-88.3%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 537.3k NOK to -1.36m NOK (-352.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +431.2k NOK → -1.45m NOK (op. margin 80.3% → 106.9%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 436.9k NOK profit to a loss of 1.62m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 1.83m NOK → 1.21m NOK (equity ratio 99.7% → 559.5%). Calculated

  • ↓

    Cash fell

    Bank deposits 1.66m NOK → 210.8k NOK (-87.3% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (1.66m NOK → 210.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation