ACMOTECH AS: årsregnskap 2019 vs 2018
Shrank 31% on revenue, slipped into loss, fresh owner capital
approved 2020-05-14; registry 2020-05-26; journal 2020 368215
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACMOTECH AS. Revenue 749.0k NOK → 518.8k NOK (-30.7%). Net result +72.2k NOK → -308.3k NOK. Equity 53.8k NOK → -124.6k NOK.
On the constructive side: cash rose; owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACMOTECH AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 233 NOK → 1 371 NOK (+488.4% YoY). Calculated
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Owners injected capital
Paid-in equity rose 30.0k NOK → 160.0k NOK (+130.0k NOK). Reported fact
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↑
Payroll decreased
Salary cost 4.34m NOK → 452.0k NOK (579% → 87% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 749.0k NOK to 518.8k NOK (-30.7% YoY). Calculated
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↓
Operating result weakened
Operating result +78.6k NOK → -309.8k NOK (op. margin 10.5% → -59.7%). Calculated
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Fell into a net loss
Net result flipped from 72.2k NOK profit to a loss of 308.3k NOK. Calculated
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↓
Equity eroded
Book equity 53.8k NOK → -124.6k NOK (equity ratio 22.4% → -173.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.28× → 0.24× — 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 -173.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 45.6k NOK → 5 570 NOK (-87.8% YoY). Calculated