Org.nr 898 734 242 2018 → 2019 Year-over-year analysis

ACE WELL TECHNOLOGY AS: årsregnskap 2019 vs 2018

Grew 62% on revenue, cash halved-plus, fresh owner capital

approved 2020-06-19; registry 2020-07-04; journal 2020 530641

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ACE WELL TECHNOLOGY AS. Revenue 32.64m NOK → 53.03m NOK (+62.5%). Equity 14.39m NOK → 26.01m NOK.

On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: cash fell.

Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ACE WELL TECHNOLOGY AS.

At a glance

Revenue

32.64m NOK 53.03m NOK

+62.5%

Operating result

n/m +3.08m NOK

—

Net result

n/m +1.90m NOK

—

Equity

14.39m NOK 26.01m NOK

+80.8%

Cash

685.8k NOK 157.9k NOK

-77.0%

Total assets

31.92m NOK 52.96m NOK

+65.9%

↑
Revenue rose

Operating income / revenue moved from 32.64m NOK to 53.03m NOK (+62.5% YoY). Calculated
↑
Equity strengthened

Book equity 14.39m NOK → 26.01m NOK (equity ratio 45.1% → 49.1%). Calculated
↑
Owners injected capital

Paid-in equity rose 46.24m NOK → 55.96m NOK (+9.72m NOK). Reported fact

·
Payroll increased

Salary cost 1 NOK → 10.03m NOK (0% → 19% of revenue). Calculated
·
COGS moved

COGS / varekostnad 13.57m NOK → 18.91m NOK (+39.4% YoY). Calculated