ACMOTECH AS: årsregnskap 2018 vs 2017
Shrank 38% on revenue, stronger earnings, cash halved-plus
approved 2019-05-08; registry 2019-05-27; journal 2019 358904
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACMOTECH AS. Revenue 1.21m NOK → 749.0k NOK (-37.9%). Net result +24.9k NOK → +72.2k NOK. Equity -59.9k NOK → 53.8k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACMOTECH AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +25.3k NOK → +78.6k NOK (op. margin 2.1% → 10.5%). Calculated
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Net result improved
Net result +24.9k NOK → +72.2k NOK (net margin 2.1% → 9.6%). Calculated
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Equity strengthened
Book equity -59.9k NOK → 53.8k NOK (equity ratio -12.6% → 22.4%). Calculated
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Current ratio back above 1×
Current ratio 0.85× → 1.28×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.21m NOK to 749.0k NOK (-37.9% YoY). Calculated
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Cash fell
Bank deposits 2 299 NOK → 233 NOK (-89.9% YoY). Calculated
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Payroll up without matching revenue
Salary cost 78.4k NOK → 4.34m NOK (7% → 579% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 403.3k NOK → 45.6k NOK (-88.7% YoY). Calculated