ACRYLICON INDUSTRIGULV AS: årsregnskap 2018 vs 2017
Shrank 26% on revenue, weaker earnings, cash halved-plus
approved 2019-03-29; registry 2019-04-15; journal 2019 279666
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACRYLICON INDUSTRIGULV AS. Revenue 48.14m NOK → 35.82m NOK (-25.6%). Net result +4.33m NOK → +2.12m NOK. Equity 4.44m NOK → 5.26m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACRYLICON INDUSTRIGULV AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 4.44m NOK → 5.26m NOK (equity ratio 24.9% → 32.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 48.14m NOK to 35.82m NOK (-25.6% YoY). Calculated
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↓
Operating result weakened
Operating result +5.82m NOK → +2.89m NOK (op. margin 12.1% → 8.1%). Calculated
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↓
Net result weakened
Net result +4.33m NOK → +2.12m NOK (net margin 9.0% → 5.9%). Calculated
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↓
Cash fell
Bank deposits 5.26m NOK → 1.63m NOK (-69.0% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.26m NOK → 1.63m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 13.69m NOK → 9.11m NOK (-33.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 137.2k NOK → 39.8k NOK. Reported fact