ACOUSTIC TUNING AS: årsregnskap 2018 vs 2017
Shrank 100% on revenue
approved 2019-07-11; registry 2019-07-15; journal 2019 754879
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACOUSTIC TUNING AS. Revenue 881.9k NOK → 3 732 NOK (-99.6%). Equity 608.4k NOK → 244.1k NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACOUSTIC TUNING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 95.9k NOK → 154.7k NOK (+61.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.38× → 1.13×. Calculated
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↑
Payroll decreased
Salary cost 8 368 NOK → 278 NOK (1% → 7% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 881.9k NOK to 3 732 NOK (-99.6% YoY). Calculated
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↓
Equity eroded
Book equity 608.4k NOK → 244.1k NOK (equity ratio 111.3% → 23.4%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 392.4k NOK → 2 610 NOK (-99.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 159.9k NOK → 51.2k NOK. Reported fact