ACUSTUS HOLDING AS: årsregnskap 2019 vs 2018
Grew 171% on revenue, stronger earnings, cash halved-plus
approved 2020-06-25; registry 2020-07-13; journal 2020 566381
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACUSTUS HOLDING AS. Revenue 1.28m NOK → 3.48m NOK (+170.8%). Net result +3.09m NOK → +4.67m NOK. Equity 9.38m NOK → 13.05m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for ACUSTUS HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.28m NOK to 3.48m NOK (+170.8% YoY). Calculated
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Net result improved
Net result +3.09m NOK → +4.67m NOK (net margin 241.1% → 134.4%). Calculated
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Equity strengthened
Book equity 9.38m NOK → 13.05m NOK (equity ratio 57.7% → 63.2%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 3.39m NOK → 653.1k NOK (-80.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (3.39m NOK → 653.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 846.5k NOK → 1.97m NOK (66% → 57% of revenue). Calculated
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Book investments changed
Investment / intangible book value 246.4k NOK → 4.55m NOK. Reported fact