ACEA DEVELOPMENT AS: årsregnskap 2019 vs 2018
Grew 21830% on revenue, weaker earnings
approved 2020-06-29; registry 2020-07-20; journal 2020 589387
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACEA DEVELOPMENT AS. Revenue 1 026 NOK → 225.0k NOK (+21829.8%). Net result -2.38m NOK → -7.25m NOK. Equity 1.34m NOK → -5.91m NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACEA DEVELOPMENT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1 026 NOK to 225.0k NOK (+21829.8% YoY). Calculated
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Cash rose
Bank deposits 61.7k NOK → 67.6k NOK (+9.5% YoY). Calculated
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Payroll decreased
Salary cost 1.11m NOK → 1.10m NOK (108203% → 487% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result -2.38m NOK → -7.25m NOK (net margin -232009.5% → -3221.4%). Calculated
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↓
Equity eroded
Book equity 1.34m NOK → -5.91m NOK (equity ratio 3.4% → -21.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -21.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation