ACORN VANNRENS AS: årsregnskap 2019 vs 2018
Grew 8% on revenue, stronger earnings
approved 2020-03-17; registry 2020-04-23; journal 2020 305670
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACORN VANNRENS AS. Revenue 643.3k NOK → 695.4k NOK (+8.1%). Net result +265.3k NOK → +967.8k NOK. Equity 12 NOK → 12.25m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ACORN VANNRENS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 643.3k NOK to 695.4k NOK (+8.1% YoY). Calculated
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Net result improved
Net result +265.3k NOK → +967.8k NOK (net margin 41.2% → 139.2%). Calculated
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Equity strengthened
Book equity 12 NOK → 12.25m NOK (equity ratio 0.0% → 1398.2%). Calculated
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Cash rose
Bank deposits 112.6k NOK → 611.8k NOK (+443.5% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.23× → 2.98×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +362.4k NOK → +1 239 NOK (op. margin 56.3% → 0.2%). Calculated
Things to notice
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COGS moved
COGS / varekostnad 158.5k NOK → 934.9k NOK (+489.8% YoY). Calculated