ADVANCED COST REDUCTION AS: årsregnskap 2018 vs 2017
Shrank 59% on revenue, weaker earnings, cash halved-plus
approved 2019-06-30; registry 2019-08-08; journal 2019 908522
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVANCED COST REDUCTION AS. Revenue 780.0k NOK → 320.0k NOK (-59.0%). Net result +137.9k NOK → +3 628 NOK. Equity -107.9k NOK → -104.3k NOK.
On the constructive side: equity strengthened. 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 ADVANCED COST REDUCTION AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -107.9k NOK → -104.3k NOK (equity ratio -16.5% → -22.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 780.0k NOK to 320.0k NOK (-59.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +120.6k NOK → +19.6k NOK (op. margin 15.5% → 6.1%). Calculated
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↓
Net result weakened
Net result +137.9k NOK → +3 628 NOK (net margin 17.7% → 1.1%). Calculated
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↓
Cash fell
Bank deposits 210.3k NOK → 67.4k NOK (-67.9% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 64.4k NOK → 82.2k NOK (+27.7% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -22.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation