ACO CONSULT AS: årsregnskap 2019 vs 2018
Grew 128% on revenue, stronger earnings, cash halved-plus
approved 2020-08-31; registry 2020-10-17; journal 2020 951588
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACO CONSULT AS. Revenue 77.6k NOK → 176.6k NOK (+127.5%). Net result -104.2k NOK → -42.0k NOK. Equity -148.8k NOK → -191.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
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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Revenue rose
Operating income / revenue moved from 77.6k NOK to 176.6k NOK (+127.5% YoY). Calculated
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Operating result improved
Operating result -104.1k NOK → -42.0k NOK (op. margin -134.2% → -23.8%). Calculated
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Net result improved
Net result -104.2k NOK → -42.0k NOK (net margin -134.3% → -23.8%). Calculated
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Payroll decreased
Salary cost 181.7k NOK → 84.9k NOK (234% → 48% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -148.8k NOK → -191.1k NOK (equity ratio -42.8% → -48.8%). Calculated
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Cash fell
Bank deposits 1 800 NOK → 24 NOK (-98.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -48.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation