ACURO AS: årsregnskap 2018 vs 2017
Shrank 42% on revenue, weaker earnings, cash halved-plus
approved 2019-06-30; registry 2019-08-07; journal 2019 890642
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACURO AS. Revenue 2.18m NOK → 1.26m NOK (-42.3%). Net result +356.5k NOK → +29.3k NOK. Equity 33.3k NOK → 4 027 NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACURO AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.18m NOK to 1.26m NOK (-42.3% YoY). Calculated
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Operating result weakened
Operating result +480.9k NOK → +35.0k NOK (op. margin 22.0% → 2.8%). Calculated
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Net result weakened
Net result +356.5k NOK → +29.3k NOK (net margin 16.3% → 2.3%). Calculated
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↓
Equity eroded
Book equity 33.3k NOK → 4 027 NOK (equity ratio 1.8% → 0.3%). Calculated
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Cash fell
Bank deposits 453.4k NOK → 103.8k NOK (-77.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation