ADVANCED COST REDUCTION AS: årsregnskap 2019 vs 2018
Shrank 94% on revenue, stronger earnings, cash halved-plus
approved 2020-05-06; registry 2020-06-16; journal 2020 440009
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVANCED COST REDUCTION AS. Revenue 320.0k NOK → 20.0k NOK (-93.8%). Net result +3 628 NOK → +234.8k NOK. Equity -104.3k NOK → -339.1k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
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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Operating result improved
Operating result +19.6k NOK → +216.4k NOK (op. margin 6.1% → 1081.8%). Calculated
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Net result improved
Net result +3 628 NOK → +234.8k NOK (net margin 1.1% → 1174.2%). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 320.0k NOK to 20.0k NOK (-93.8% YoY). Calculated
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Equity eroded
Book equity -104.3k NOK → -339.1k NOK (equity ratio -22.2% → -79.8%). Calculated
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Cash fell
Bank deposits 67.4k NOK → 16.9k NOK (-74.9% YoY). Calculated
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COGS moved
COGS / varekostnad 82.2k NOK → 122.7k NOK (+49.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -79.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation