ACTIVATE AS: årsregnskap 2020 vs 2019
Shrank 19% on revenue, weaker earnings
approved 2021-06-30; registry 2021-07-24; journal 2021 530544
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIVATE AS. Revenue 7.21m NOK → 5.85m NOK (-18.9%). Net result +61.0k NOK → +34.6k NOK. Equity 362.5k NOK → 397.1k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
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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↑
Equity strengthened
Book equity 362.5k NOK → 397.1k NOK (equity ratio 10.1% → 13.6%). Calculated
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↑
Payroll decreased
Salary cost 9.56m NOK → 1.96m NOK (133% → 33% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.21m NOK to 5.85m NOK (-18.9% YoY). Calculated
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↓
Operating result weakened
Operating result +76.5k NOK → +43.2k NOK (op. margin 1.1% → 0.7%). Calculated
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↓
Net result weakened
Net result +61.0k NOK → +34.6k NOK (net margin 0.8% → 0.6%). Calculated
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↓
Cash fell
Bank deposits 924.6k NOK → 695.5k NOK (-24.8% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.28m NOK → 3.86m NOK (-9.9% YoY). Calculated