ACE GOLF AS: årsregnskap 2018 vs 2017
Returned to profit
approved 2019-05-03; registry 2019-05-22; journal 2019 345036
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACE GOLF AS. Revenue 5.97m NOK → 5.90m NOK (-1.1%). Net result -111.5k NOK → +48.9k NOK. Equity 864.9k NOK → 913.8k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACE GOLF AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -142.7k NOK → +65.9k NOK (op. margin -2.4% → 1.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 111.5k NOK to a profit of 48.9k NOK. Calculated
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↑
Equity strengthened
Book equity 864.9k NOK → 913.8k NOK (equity ratio 63.6% → 72.5%). Calculated
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↑
Payroll decreased
Salary cost 1.69m NOK → 1.52m NOK (28% → 26% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.97m NOK to 5.90m NOK (-1.1% YoY). Calculated
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↓
Cash fell
Bank deposits 469.3k NOK → 425.8k NOK (-9.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.61m NOK → 3.48m NOK (-3.5% YoY). Calculated