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Org.nr 984 648 324 2018 → 2019 Year-over-year analysis

ACINOR AS: årsregnskap 2019 vs 2018

Shrank 5% on revenue, weaker earnings

approved 2020-02-03; registry 2020-03-07; journal 2020 231845

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ACINOR AS. Revenue 48.68m NOK → 46.20m NOK (-5.1%). Net result +1.88m NOK → +1.47m NOK. Equity 11.98m NOK → 11.95m NOK.

On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACINOR AS.

At a glance

Scorecard

Revenue
48.68m NOK 46.20m NOK
-5.1%
Operating result
+346.4k NOK +1.77m NOK
+411.4%
Net result
+1.88m NOK +1.47m NOK
-21.8%
Equity
11.98m NOK 11.95m NOK
-0.2%
Cash
3.20m NOK 2.76m NOK
-13.8%
Total assets
18.45m NOK 23.12m NOK
+25.3%

What improved

  • ↑

    Operating result improved

    Operating result +346.4k NOK → +1.77m NOK (op. margin 0.7% → 3.8%). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.00m NOK → 2.94m NOK (6% → 6% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 48.68m NOK to 46.20m NOK (-5.1% YoY). Calculated

  • ↓

    Net result weakened

    Net result +1.88m NOK → +1.47m NOK (net margin 3.9% → 3.2%). Calculated

  • ↓

    Equity eroded

    Book equity 11.98m NOK → 11.95m NOK (equity ratio 65.0% → 51.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.20m NOK → 2.76m NOK (-13.8% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 39.74m NOK → 38.32m NOK (-3.6% YoY). Calculated