FirmaIQ
Org.nr 989 133 020 2017 → 2018 Year-over-year analysis

ACE INVEST AS: årsregnskap 2018 vs 2017

Weaker earnings, cash halved-plus

approved 2019-05-09; registry 2019-06-20; journal 2019 487084

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ACE INVEST AS. Net result +872.7k NOK → +403.8k NOK. Equity 5.47m NOK → 11.87m NOK.

On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACE INVEST AS.

At a glance

Scorecard

Revenue
n/m 0 NOK
—
Operating result
-11.5k NOK -15.2k NOK
-31.6%
Net result
+872.7k NOK +403.8k NOK
-53.7%
Equity
5.47m NOK 11.87m NOK
+117.1%
Cash
886.0k NOK 313.3k NOK
-64.6%
Total assets
8.25m NOK 14.49m NOK
+75.8%

What improved

  • ↑

    Equity strengthened

    Book equity 5.47m NOK → 11.87m NOK (equity ratio 66.3% → 81.9%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.32× → 2.85×. Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -11.5k NOK → -15.2k NOK. Calculated

  • ↓

    Net result weakened

    Net result +872.7k NOK → +403.8k NOK. Calculated

  • ↓

    Cash fell

    Bank deposits 886.0k NOK → 313.3k NOK (-64.6% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 7.36m NOK → 5 NOK. Reported fact