ACE NORWAY AS: årsregnskap 2018 vs 2017
Shrank 94% on revenue
approved 2019-10-21; registry 2019-10-28; journal 2019 941995
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACE NORWAY AS. Revenue 890.2k NOK → 56.2k NOK (-93.7%). Equity 4.68m NOK → 18.04m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ACE NORWAY AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 4.68m NOK → 18.04m NOK (equity ratio 25.9% → 98.5%). Calculated
-
↑
Cash rose
Bank deposits 17.6k NOK → 193.0k NOK (+996.9% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 890.2k NOK to 56.2k NOK (-93.7% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 16.3k NOK — check capital reduction, conversion, or reclassification. Interpretation