ACUSTUS MASKINERING OG HYDRAULIKK AS: årsregnskap 2019 vs 2018
Shrank 8% on revenue, weaker earnings, cash halved-plus
approved 2020-06-25; registry 2020-07-13; journal 2020 566389
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACUSTUS MASKINERING OG HYDRAULIKK AS. Revenue 7.81m NOK → 7.18m NOK (-8.0%). Net result +386.0k NOK → +24.1k NOK. Equity 550.0k NOK → 574.1k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACUSTUS MASKINERING OG HYDRAULIKK AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 550.0k NOK → 574.1k NOK (equity ratio 28.2% → 26.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.24× → 1.26×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.81m NOK to 7.18m NOK (-8.0% YoY). Calculated
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↓
Net result weakened
Net result +386.0k NOK → +24.1k NOK (net margin 4.9% → 0.3%). Calculated
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↓
Cash fell
Bank deposits 340.5k NOK → 160.1k NOK (-53.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.45m NOK → 2.66m NOK (31% → 37% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 2.72m NOK → 2.05m NOK (-24.5% YoY). Calculated