ACJ AS: årsregnskap 2019 vs 2018
Shrank 8% on revenue, weaker earnings
approved 2020-08-31; registry 2020-09-14; journal 2020 807645
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACJ AS. Revenue 7.96m NOK → 7.30m NOK (-8.3%). Net result -8 779 NOK → -486.1k NOK. Equity 553.2k NOK → 67.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACJ AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 4.10m NOK → 3.95m NOK (51% → 54% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.96m NOK to 7.30m NOK (-8.3% YoY). Calculated
-
↓
Net result weakened
Net result -8 779 NOK → -486.1k NOK (net margin -0.1% → -6.7%). Calculated
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↓
Equity eroded
Book equity 553.2k NOK → 67.1k NOK (equity ratio 21.0% → 2.9%). Calculated
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↓
Cash fell
Bank deposits 771.6k NOK → 434.9k NOK (-43.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.16× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation