ACME BUSS AS: årsregnskap 2019 vs 2018
Shrank 16% on revenue, weaker earnings, cash halved-plus
approved 2020-08-31; registry 2020-09-24; journal 2020 854790
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACME BUSS AS. Revenue 6.93m NOK → 5.82m NOK (-15.9%). Net result -291.5k NOK → -568.7k NOK. Equity 68.8k NOK → -499.9k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACME BUSS AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.89× → 8.96×. Calculated
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↑
Payroll decreased
Salary cost 3.84m NOK → 3.15m NOK (55% → 54% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.93m NOK to 5.82m NOK (-15.9% YoY). Calculated
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↓
Operating result weakened
Operating result -187.2k NOK → -415.4k NOK (op. margin -2.7% → -7.1%). Calculated
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↓
Net result weakened
Net result -291.5k NOK → -568.7k NOK (net margin -4.2% → -9.8%). Calculated
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↓
Equity eroded
Book equity 68.8k NOK → -499.9k NOK (equity ratio 1.2% → -12.8%). Calculated
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↓
Cash fell
Bank deposits 788.9k NOK → 75.1k NOK (-90.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -12.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 433.1k NOK → 220.0k NOK (-49.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 221.3k NOK → 157.3k NOK. Reported fact