ACTIVATE AS: årsregnskap 2019 vs 2018
A steady year on the published lines
approved 2020-06-29; registry 2020-07-18; journal 2020 585774
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACTIVATE AS. Revenue 7.53m NOK → 7.21m NOK (-4.3%). Equity 301.5k NOK → 362.5k NOK.
On the constructive side: operating result improved; equity strengthened; cash rose. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACTIVATE AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -2 994 NOK → +76.5k NOK (op. margin -0.0% → 1.1%). Calculated
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↑
Equity strengthened
Book equity 301.5k NOK → 362.5k NOK (equity ratio 7.5% → 10.1%). Calculated
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↑
Cash rose
Bank deposits 457.0k NOK → 924.6k NOK (+102.3% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.98× → 1.03×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.53m NOK to 7.21m NOK (-4.3% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.52m NOK → 9.56m NOK (20% → 133% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.68m NOK → 4.28m NOK (-8.5% YoY). Calculated