ACTIVCONSULT AS: årsregnskap 2020 vs 2019
Shrank 39% on revenue, stronger earnings
approved 2021-06-30; registry 2021-09-04; journal 2021 719790
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIVCONSULT AS. Revenue 205.9k NOK → 126.4k NOK (-38.6%). Net result +72.8k NOK → +819.8k NOK. Equity 508.2k NOK → 128.1k NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACTIVCONSULT AS.
At a glance
Scorecard
What improved
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Net result improved
Net result +72.8k NOK → +819.8k NOK (net margin 35.3% → 648.7%). Calculated
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Cash rose
Bank deposits 242.9k NOK → 661.3k NOK (+172.3% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 205.9k NOK to 126.4k NOK (-38.6% YoY). Calculated
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Operating result weakened
Operating result +92.8k NOK → -31.6k NOK (op. margin 45.1% → -25.0%). Calculated
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Equity eroded
Book equity 508.2k NOK → 128.1k NOK (equity ratio 64.3% → 9.3%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 303.0k NOK → 270.0k NOK. Reported fact