ACE GOLF AS: årsregnskap 2019 vs 2018
Shrank 99% on revenue, slipped into loss
approved 2020-08-18; registry 2020-09-05; journal 2020 748254
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACE GOLF AS. Revenue 5.90m NOK → 57.6k NOK (-99.0%). Net result +48.9k NOK → -38.4k NOK. Equity 913.8k NOK → 875.4k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.90m NOK to 57.6k NOK (-99.0% YoY). Calculated
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↓
Operating result weakened
Operating result +65.9k NOK → -49.6k NOK (op. margin 1.1% → -86.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 48.9k NOK profit to a loss of 38.4k NOK. Calculated
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↓
Equity eroded
Book equity 913.8k NOK → 875.4k NOK (equity ratio 72.5% → 63.8%). Calculated
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↓
Cash fell
Bank deposits 425.8k NOK → 371.0k NOK (-12.9% YoY). Calculated