ACHILLES INFORMATION AS: årsregnskap 2018 vs 2017
Shrank 6% on revenue, cash halved-plus
approved 2019-01-28; registry 2019-01-30; journal 2019 204252
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACHILLES INFORMATION AS. Revenue 87.00m NOK → 81.73m NOK (-6.0%). Equity 19.01m NOK → 25.84m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ACHILLES INFORMATION AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 19.01m NOK → 25.84m NOK (equity ratio 16.6% → 21435.7%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 87.00m NOK to 81.73m NOK (-6.0% YoY). Calculated
-
↓
Cash fell
Bank deposits 30.01m NOK → 4.62m NOK (-84.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.19× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 32.44m NOK → 35.76m NOK (37% → 44% of revenue). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (30.01m NOK → 4.62m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation