ACS PROSJEKT AS: årsregnskap 2019 vs 2018
Shrank 73% on revenue, cash halved-plus
approved 2020-06-22; registry 2020-08-25; journal 2020 694482
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACS PROSJEKT AS. Revenue 649.8k NOK → 174.2k NOK (-73.2%). Equity -35.2k NOK → -232.3k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACS PROSJEKT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 649.8k NOK to 174.2k NOK (-73.2% YoY). Calculated
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Equity eroded
Book equity -35.2k NOK → -232.3k NOK (equity ratio -5.4% → -11572.8%). Calculated
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Cash fell
Bank deposits 224.8k NOK → 2 007 NOK (-99.1% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 2.06× → 0.51× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -11572.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 523.0k NOK → 346.5k NOK (-33.7% YoY). Calculated