ACTIVE AUTO AS: årsregnskap 2019 vs 2018
Shrank 38% on revenue, weaker earnings
approved 2020-11-20; registry 2020-11-25; journal 2020 971070
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACTIVE AUTO AS. Revenue 11.63m NOK → 7.25m NOK (-37.6%). Net result -230.0k NOK → -1.16m NOK. Equity 2.17m NOK → 1.00m NOK.
On the constructive side: cash rose; 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 ACTIVE AUTO AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 4 746 NOK → 140.8k NOK (+2865.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.12m NOK → 1.93m NOK (18% → 27% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 11.63m NOK to 7.25m NOK (-37.6% YoY). Calculated
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↓
Operating result weakened
Operating result -246.4k NOK → -766.7k NOK (op. margin -2.1% → -10.6%). Calculated
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↓
Net result weakened
Net result -230.0k NOK → -1.16m NOK (net margin -2.0% → -16.0%). Calculated
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↓
Equity eroded
Book equity 2.17m NOK → 1.00m NOK (equity ratio 59.0% → 51.4%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 8.43m NOK → 6.03m NOK (-28.5% YoY). Calculated