ACUSTO AS: årsregnskap 2018 vs 2017
Shrank 97% on revenue, cash halved-plus
approved 2019-04-15; registry 2019-07-13; journal 2019 686759
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACUSTO AS. Revenue 13.62m NOK → 344.3k NOK (-97.5%). Equity 7.19m NOK → 7.03m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACUSTO AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 5.63m NOK → 4.71m NOK (41% → 1368% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 13.62m NOK to 344.3k NOK (-97.5% YoY). Calculated
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↓
Equity eroded
Book equity 7.19m NOK → 7.03m NOK (equity ratio 60.1% → 51.6%). Calculated
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↓
Cash fell
Bank deposits 5.17m NOK → 167.7k NOK (-96.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (5.17m NOK → 167.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 4.88m NOK → 3.58m NOK (-26.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 3.89m NOK → 4.42m NOK. Reported fact