ACO CONSULT AS: årsregnskap 2018 vs 2017
Shrank 83% on revenue, weaker earnings, cash halved-plus
approved 2019-06-30; registry 2019-08-10; journal 2019 919269
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACO CONSULT AS. Revenue 470.0k NOK → 77.6k NOK (-83.5%). Net result -6 881 NOK → -104.2k NOK. Equity -44.5k NOK → -148.8k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACO CONSULT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 468.0k NOK → 181.7k NOK (100% → 234% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 470.0k NOK to 77.6k NOK (-83.5% YoY). Calculated
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↓
Operating result weakened
Operating result -6 766 NOK → -104.1k NOK (op. margin -1.4% → -134.2%). Calculated
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↓
Net result weakened
Net result -6 881 NOK → -104.2k NOK (net margin -1.5% → -134.3%). Calculated
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↓
Equity eroded
Book equity -44.5k NOK → -148.8k NOK (equity ratio -9.3% → -42.8%). Calculated
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↓
Cash fell
Bank deposits 13.5k NOK → 1 800 NOK (-86.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -42.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation