ACES CUSTOMS AS: årsregnskap 2019 vs 2018
Grew 17% on revenue, slipped into loss, cash halved-plus
approved 2020-05-11; registry 2020-06-25; journal 2020 495753
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACES CUSTOMS AS. Revenue 1.22m NOK → 1.43m NOK (+16.6%). Net result +125.2k NOK → -3 333 NOK. Equity 719.2k NOK → 715.9k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ACES CUSTOMS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1.22m NOK to 1.43m NOK (+16.6% YoY). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +173.6k NOK → +35.0k NOK (op. margin 14.2% → 2.4%). Calculated
-
↓
Fell into a net loss
Net result flipped from 125.2k NOK profit to a loss of 3 333 NOK. Calculated
-
↓
Equity eroded
Book equity 719.2k NOK → 715.9k NOK (equity ratio 459.0% → 72.9%). Calculated
-
↓
Cash fell
Bank deposits 336.1k NOK → 70.5k NOK (-79.0% YoY). Calculated
Things to notice
-
·
COGS moved
COGS / varekostnad 10.1k NOK → 250.0k NOK (+2374.8% YoY). Calculated