ACTIV DRIFT AS: årsregnskap 2018 vs 2017
Shrank 17% on revenue, cash halved-plus
approved 2019-07-23; registry 2019-08-03; journal 2019 848916
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACTIV DRIFT AS. Revenue 15.24m NOK → 12.63m NOK (-17.1%). Equity 1.14m NOK → -152.0k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACTIV DRIFT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 15.24m NOK to 12.63m NOK (-17.1% YoY). Calculated
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↓
Equity eroded
Book equity 1.14m NOK → -152.0k NOK (equity ratio 44.7% → -11.2%). Calculated
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↓
Cash fell
Bank deposits 697.1k NOK → 1 422 NOK (-99.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.42× → 0.87× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -11.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 5.10m NOK → 4.54m NOK (-10.9% YoY). Calculated