ACHILLES FINANS AS: årsregnskap 2019 vs 2018
Grew 28% on revenue, returned to profit
approved 2020-03-25; registry 2020-03-30; journal 2020 266611
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACHILLES FINANS AS. Revenue 100.0k NOK → 127.5k NOK (+27.5%). Net result -343.6k NOK → +708.7k NOK. Equity 4.35m NOK → 4.05m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACHILLES FINANS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 100.0k NOK to 127.5k NOK (+27.5% YoY). Calculated
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Operating result improved
Operating result -27.0k NOK → +5 280 NOK (op. margin -27.0% → 4.1%). Calculated
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Turned profitable
Net result flipped from a loss of 343.6k NOK to a profit of 708.7k NOK. Calculated
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Cash rose
Bank deposits 3 090 NOK → 16.9k NOK (+447.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 4.35m NOK → 4.05m NOK (equity ratio 60.4% → 46.1%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 900.4k NOK → 760.4k NOK. Reported fact