ACTIOS AS: årsregnskap 2018 vs 2017
Grew 104% on revenue, weaker earnings
approved 2019-05-14; registry 2019-06-20; journal 2019 493709
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACTIOS AS. Revenue 242.4k NOK → 493.9k NOK (+103.7%). Net result -36.1k NOK → -107.2k NOK. Equity 97.3k NOK → -9 888 NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ACTIOS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 242.4k NOK to 493.9k NOK (+103.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -36.1k NOK → -107.1k NOK (op. margin -14.9% → -21.7%). Calculated
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↓
Net result weakened
Net result -36.1k NOK → -107.2k NOK (net margin -14.9% → -21.7%). Calculated
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↓
Equity eroded
Book equity 97.3k NOK → -9 888 NOK (equity ratio 82.5% → -9.1%). Calculated
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↓
Cash fell
Bank deposits 86.0k NOK → 61.6k NOK (-28.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 5.72× → 0.92× — 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 -9.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 91.5k NOK → 3.41m NOK (38% → 690% of revenue). Calculated