ACORP HOLDING AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue, returned to profit
approved 2019-06-30; registry 2019-08-10; journal 2019 901050
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACORP HOLDING AS. Revenue 200.0k NOK → 200 NOK (-99.9%). Net result -760.8k NOK → +4.31m NOK. Equity 6.35m NOK → 100.0k NOK.
On the constructive side: turned profitable; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACORP HOLDING AS.
At a glance
Scorecard
What improved
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Turned profitable
Net result flipped from a loss of 760.8k NOK to a profit of 4.31m NOK. Calculated
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↑
Cash rose
Bank deposits 387.1k NOK → 468.6k NOK (+21.1% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 200.0k NOK to 200 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +135.3k NOK → -113.3k NOK (op. margin 67.7% → -56638.5%). Calculated
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↓
Equity eroded
Book equity 6.35m NOK → 100.0k NOK (equity ratio 333.8% → 1.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation