ACO RENGJØRING AS: årsregnskap 2019 vs 2018
Grew 6% on revenue, stronger earnings, cash halved-plus
approved 2020-04-17; registry 2020-09-03; journal 2020 736102
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACO RENGJØRING AS. Revenue 6.07m NOK → 6.44m NOK (+6.0%). Net result 0 NOK → +350.5k NOK. Equity 744.8k NOK → 95.3k 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; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACO RENGJØRING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 6.07m NOK to 6.44m NOK (+6.0% YoY). Calculated
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Operating result improved
Operating result +2 246 NOK → +488.8k NOK (op. margin 0.0% → 7.6%). Calculated
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Net result improved
Net result 0 NOK → +350.5k NOK (net margin 0.0% → 5.4%). Calculated
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Current ratio back above 1×
Current ratio 0.74× → 22.42×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 744.8k NOK → 95.3k NOK (equity ratio 41.3% → 4.1%). Calculated
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Cash fell
Bank deposits 684.7k NOK → 63.4k NOK (-90.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 4.03m NOK → 4.53m NOK (66% → 70% of revenue). Calculated
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COGS moved
COGS / varekostnad 370.7k NOK → 538.5k NOK (+45.3% YoY). Calculated