ACEA DEVELOPMENT AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue
approved 2021-07-16; registry 2021-08-23; journal 2021 636976
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACEA DEVELOPMENT AS. Revenue 225.0k NOK → 225 NOK (-99.9%). Net result -7.25m NOK → -6.18m NOK. Equity -5.91m NOK → -12.09m NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
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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Operating result improved
Operating result -6.37m NOK → -5.12m NOK (op. margin -2830.3% → -2276673.8%). Calculated
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Net result improved
Net result -7.25m NOK → -6.18m NOK (net margin -3221.4% → -2745952.4%). Calculated
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Payroll decreased
Salary cost 1.10m NOK → 1.09m NOK (487% → 482382% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 225.0k NOK to 225 NOK (-99.9% YoY). Calculated
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Equity eroded
Book equity -5.91m NOK → -12.09m NOK (equity ratio -21.9% → -44.7%). Calculated
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Cash fell
Bank deposits 67.6k NOK → 65.0k NOK (-3.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 50.46× → 0.18× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -44.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation