ACOUSTIC TUNING AS: årsregnskap 2019 vs 2018
Grew 116823% on revenue, cash halved-plus
approved 2020-06-26; registry 2020-10-03; journal 2020 940426
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACOUSTIC TUNING AS. Revenue 3 732 NOK → 4.36m NOK (+116823.4%). Equity 244.1k NOK → 1 108 NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACOUSTIC TUNING AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 3 732 NOK to 4.36m NOK (+116823.4% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 244.1k NOK → 1 108 NOK (equity ratio 23.4% → 0.1%). Calculated
-
↓
Cash fell
Bank deposits 154.7k NOK → 67.3k NOK (-56.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.13× → 1.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 278 NOK → 324.49m NOK (7% → 7436% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 2 610 NOK → 3.25m NOK (+124590.3% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 51.2k NOK → 111.8k NOK. Reported fact