ADVANCED CONTROL ROBOTIC AS: årsregnskap 2018 vs 2017
Shrank 40% on revenue, weaker earnings
approved 2019-02-16; registry 2019-07-23; journal 2019 768649
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVANCED CONTROL ROBOTIC AS. Revenue 1.52m NOK → 911.9k NOK (-40.2%). Net result +3.57m NOK → +2.22m NOK. Equity 2.62m NOK → 3.84m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; cogs moved.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ADVANCED CONTROL ROBOTIC AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 2.62m NOK → 3.84m NOK (equity ratio 37.2% → 59.6%). Calculated
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↑
Cash rose
Bank deposits 21.1k NOK → 50.0k NOK (+137.5% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.52m NOK to 911.9k NOK (-40.2% YoY). Calculated
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↓
Net result weakened
Net result +3.57m NOK → +2.22m NOK (net margin 234.0% → 243.7%). Calculated
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↓
COGS moved
COGS / varekostnad 210.0k NOK → 367.4k NOK (+74.9% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 44.21m NOK → 43.21m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 3 105 NOK → 50.0k NOK. Reported fact