ACTIVATE AS: årsregnskap 2016 vs 2015
Weaker earnings, cash halved-plus
approved 2017-06-29; registry 2017-07-11; journal 2017 656599
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ACTIVATE AS. Revenue 7.12m NOK → 7.10m NOK (-0.4%). Net result +15.6k NOK → +1 957 NOK. Equity 204.6k NOK → 204.2k NOK.
Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACTIVATE AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.12m NOK to 7.10m NOK (-0.4% YoY). Calculated
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↓
Net result weakened
Net result +15.6k NOK → +1 957 NOK (net margin 0.2% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 551.3k NOK → 217.3k NOK (-60.6% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.51m NOK → 1.71m NOK (21% → 24% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 4.13m NOK → 4.12m NOK (-0.4% YoY). Calculated