ACME BUSS AS: årsregnskap 2018 vs 2017
Grew 10% on revenue, slipped into loss
approved 2019-04-05; registry 2019-06-13; journal 2019 422604
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACME BUSS AS. Revenue 6.29m NOK → 6.93m NOK (+10.1%). Net result +157.0k NOK → -291.5k NOK. Equity 360.3k NOK → 68.8k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACME BUSS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.29m NOK to 6.93m NOK (+10.1% YoY). Calculated
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↑
Cash rose
Bank deposits 392.8k NOK → 788.9k NOK (+100.9% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +282.6k NOK → -187.2k NOK (op. margin 4.5% → -2.7%). Calculated
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↓
Fell into a net loss
Net result flipped from 157.0k NOK profit to a loss of 291.5k NOK. Calculated
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↓
Equity eroded
Book equity 360.3k NOK → 68.8k NOK (equity ratio 8.9% → 1.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.11× → 0.89× — 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 1.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 3.39m NOK → 3.84m NOK (54% → 55% of revenue). Calculated
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COGS moved
COGS / varekostnad 264.0k NOK → 433.1k NOK (+64.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 114.7k NOK → 221.3k NOK. Reported fact