ACTIV TRANSPORT & FLYTTEBYRÅ AS: årsregnskap 2019 vs 2018
Shrank 19% on revenue, weaker earnings
approved 2020-08-26; registry 2020-10-14; journal 2020 938852
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACTIV TRANSPORT & FLYTTEBYRÅ AS. Revenue 4.53m NOK → 3.65m NOK (-19.3%). Net result -170.9k NOK → -476.5k NOK. Equity -237.7k NOK → -714.2k NOK.
On the constructive side: cash rose; current ratio back above 1×; payroll decreased. 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 ACTIV TRANSPORT & FLYTTEBYRÅ AS.
At a glance
Scorecard
What improved
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Cash rose
Bank deposits 288.9k NOK → 292.2k NOK (+1.1% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.52× → 1.96×. Calculated
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Payroll decreased
Salary cost 2.23m NOK → 2.07m NOK (49% → 57% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.53m NOK to 3.65m NOK (-19.3% YoY). Calculated
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Operating result weakened
Operating result -214.8k NOK → -392.1k NOK (op. margin -4.7% → -10.7%). Calculated
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Net result weakened
Net result -170.9k NOK → -476.5k NOK (net margin -3.8% → -13.0%). Calculated
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↓
Equity eroded
Book equity -237.7k NOK → -714.2k NOK (equity ratio -36.1% → -143.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -143.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation