FirmaIQ
Org.nr 811 607 002 2017 → 2018 Year-over-year analysis

ACEA DEVELOPMENT AS: årsregnskap 2018 vs 2017

Shrank 100% on revenue, cash halved-plus

approved 2019-06-19; registry 2019-07-03; journal 2019 593143

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ACEA DEVELOPMENT AS. Revenue 521.8k NOK → 1 026 NOK (-99.8%). Net result -2.89m NOK → -2.38m NOK. Equity 3.72m NOK → 1.34m NOK.

On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACEA DEVELOPMENT AS.

At a glance

Scorecard

Revenue
521.8k NOK 1 026 NOK
-99.8%
Net result
-2.89m NOK -2.38m NOK
+17.6%
Equity
3.72m NOK 1.34m NOK
-64.1%
Cash
165.2k NOK 61.7k NOK
-62.7%
Total assets
32.58m NOK 39.47m NOK
+21.2%

What improved

  • ↑

    Net result improved

    Net result -2.89m NOK → -2.38m NOK (net margin -553.6% → -232009.5%). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.17m NOK → 1.11m NOK (416% → 108203% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 521.8k NOK to 1 026 NOK (-99.8% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 3.72m NOK → 1.34m NOK (equity ratio 11.4% → 3.4%). Calculated

  • ↓

    Cash fell

    Bank deposits 165.2k NOK → 61.7k NOK (-62.7% YoY). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 3.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 5.00m NOK → 1 NOK. Reported fact