ACORN VANNRENS AS: årsregnskap 2018 vs 2017
Shrank 33% on revenue
approved 2019-04-30; registry 2019-05-23; journal 2019 352520
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACORN VANNRENS AS. Revenue 957.5k NOK → 643.3k NOK (-32.8%). Equity 12.18m NOK → 12 NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACORN VANNRENS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 13.0k NOK → 112.6k NOK (+767.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 957.5k NOK to 643.3k NOK (-32.8% YoY). Calculated
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↓
Operating result weakened
Operating result +571.4k NOK → +362.4k NOK (op. margin 59.7% → 56.3%). Calculated
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↓
Equity eroded
Book equity 12.18m NOK → 12 NOK (equity ratio 1480.8% → 0.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.27× → 0.23× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 274.4k NOK → 158.5k NOK (-42.2% YoY). Calculated