ACRYLICON MIDT- OG VEST- NORGE AS: årsregnskap 2019 vs 2018
Weaker earnings, cash halved-plus
approved 2020-05-19; registry 2020-06-04; journal 2020 390052
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACRYLICON MIDT- OG VEST- NORGE AS. Revenue 34.39m NOK → 32.85m NOK (-4.5%). Net result +2.34m NOK → +980.5k NOK. Equity 3.55m NOK → 1.55m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ACRYLICON MIDT- OG VEST- NORGE AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 14.93m NOK → 13.96m NOK (43% → 42% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 34.39m NOK to 32.85m NOK (-4.5% YoY). Calculated
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↓
Operating result weakened
Operating result +3.05m NOK → +1.27m NOK (op. margin 8.9% → 3.9%). Calculated
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↓
Net result weakened
Net result +2.34m NOK → +980.5k NOK (net margin 6.8% → 3.0%). Calculated
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↓
Equity eroded
Book equity 3.55m NOK → 1.55m NOK (equity ratio 30.4% → 15.3%). Calculated
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↓
Cash fell
Bank deposits 3.35m NOK → 1.30m NOK (-61.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.35m NOK → 1.30m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 638.0k NOK → 484.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 462.6k NOK → 142.1k NOK. Reported fact