ACO TRANSPORT AS: årsregnskap 2018 vs 2017
Grew 52% on revenue, weaker earnings
approved 2019-04-15; registry 2019-05-04; journal 2019 301432
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACO TRANSPORT AS. Revenue 6.39m NOK → 9.73m NOK (+52.3%). Net result +6.23m NOK → +119.4k NOK. Equity 1.91m NOK → 2.03m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ACO TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.39m NOK to 9.73m NOK (+52.3% YoY). Calculated
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↑
Equity strengthened
Book equity 1.91m NOK → 2.03m NOK (equity ratio 28.4% → 18.8%). Calculated
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↑
Cash rose
Bank deposits 154.4k NOK → 940.9k NOK (+509.4% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +6.23m NOK → +119.4k NOK (net margin 97.5% → 1.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 1.54m NOK → 2.61m NOK (24% → 27% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 421.8k NOK → 2.01m NOK (+375.4% YoY). Calculated