ACTIVATE AS: årsregnskap 2018 vs 2017
Mixed movements in the accounts
approved 2019-06-26; registry 2019-07-09; journal 2019 637827
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACTIVATE AS. Revenue 7.85m NOK → 7.53m NOK (-4.0%). Equity 292.5k NOK → 301.5k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; 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 improved
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↑
Equity strengthened
Book equity 292.5k NOK → 301.5k NOK (equity ratio 8.6% → 7.5%). Calculated
-
↑
Payroll decreased
Salary cost 9.45m NOK → 1.52m NOK (120% → 20% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 7.85m NOK to 7.53m NOK (-4.0% YoY). Calculated
-
↓
Cash fell
Bank deposits 676.4k NOK → 457.0k NOK (-32.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 4.80m NOK → 4.68m NOK (-2.5% YoY). Calculated