ACORN DESIGN AS: årsregnskap 2019 vs 2018
Shrank 25% on revenue, weaker earnings
approved 2020-04-01; registry 2020-04-29; journal 2020 319731
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACORN DESIGN AS. Revenue 2.49m NOK → 1.88m NOK (-24.5%). Net result +82.5k NOK → +65.4k NOK. Equity 339.4k NOK → 404.7k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACORN DESIGN AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 339.4k NOK → 404.7k NOK (equity ratio 53.7% → 77.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.49m NOK to 1.88m NOK (-24.5% YoY). Calculated
-
↓
Operating result weakened
Operating result +95.6k NOK → +81.7k NOK (op. margin 3.8% → 4.3%). Calculated
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↓
Net result weakened
Net result +82.5k NOK → +65.4k NOK (net margin 3.3% → 3.5%). Calculated
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↓
Cash fell
Bank deposits 322.1k NOK → 242.9k NOK (-24.6% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 69.0k NOK → 79.6k NOK. Reported fact