ACFP AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, cash halved-plus
approved 2020-08-31; registry 2020-10-03; journal 2020 892608
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACFP AS. Revenue 84.17m NOK → 0 NOK (-100.0%). Equity 52.20m NOK → -68.98m NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; sharp cash drawdown. All figures are taken from the published annual accounts for ACFP AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 84.17m NOK to 0 NOK (-100.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +9.07m NOK → -116.89m NOK. Calculated
-
↓
Equity eroded
Book equity 52.20m NOK → -68.98m NOK (equity ratio 18.5% → -45.3%). Calculated
-
↓
Cash fell
Bank deposits 13.98m NOK → 2.42m NOK (-82.7% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -45.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (13.98m NOK → 2.42m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation