ACO TRANSPORT AS: årsregnskap 2019 vs 2018
Grew 21% on revenue, stronger earnings
approved 2020-03-25; registry 2020-03-31; journal 2020 266201
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACO TRANSPORT AS. Revenue 9.73m NOK → 11.81m NOK (+21.3%). Net result +119.4k NOK → +575.2k NOK. Equity 2.03m NOK → 2.36m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
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 9.73m NOK to 11.81m NOK (+21.3% YoY). Calculated
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↑
Net result improved
Net result +119.4k NOK → +575.2k NOK (net margin 1.2% → 4.9%). Calculated
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↑
Equity strengthened
Book equity 2.03m NOK → 2.36m NOK (equity ratio 18.8% → 23.5%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 940.9k NOK → 557.9k NOK (-40.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.61m NOK → 3.17m NOK (27% → 27% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.01m NOK → 2.30m NOK (+14.8% YoY). Calculated