Org.nr 964 198 950 2017 → 2018 Year-over-year analysis

ACRYLICON NORGE AS: årsregnskap 2018 vs 2017

Shrank 16% on revenue, cash halved-plus

approved 2019-04-30; registry 2019-05-25; journal 2019 353910

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ACRYLICON NORGE AS. Revenue 40.79m NOK → 34.08m NOK (-16.5%). Equity 11.71m NOK → 13.05m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACRYLICON NORGE AS.

At a glance

Revenue

40.79m NOK 34.08m NOK

-16.5%

Operating result

+4.01m NOK +3.34m NOK

-16.8%

Equity

11.71m NOK 13.05m NOK

+11.4%

Cash

799.4k NOK 77.2k NOK

-90.3%

Total assets

40.33m NOK 40.36m NOK

+0.1%

↑
Equity strengthened

Book equity 11.71m NOK → 13.05m NOK (equity ratio 29.0% → 32.3%). Calculated

↓
Revenue fell

Operating income / revenue moved from 40.79m NOK to 34.08m NOK (-16.5% YoY). Calculated
↓
Operating result weakened

Operating result +4.01m NOK → +3.34m NOK (op. margin 9.8% → 9.8%). Calculated
↓
Cash fell

Bank deposits 799.4k NOK → 77.2k NOK (-90.3% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 1.46m NOK → 1.47m NOK (4% → 4% of revenue). Calculated

·
COGS fell

COGS / varekostnad 24.27m NOK → 23.10m NOK (-4.8% YoY). Calculated
·
Book investments changed

Investment / intangible book value 60.8k NOK → 17.45m NOK. Reported fact