ACTIVE AUTO AS: årsregnskap 2020 vs 2019
Returned to profit, cash halved-plus
approved 2021-09-09; registry 2021-09-30; journal 2021 758498
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIVE AUTO AS. Revenue 7.25m NOK → 7.57m NOK (+4.5%). Net result -1.16m NOK → +278.1k NOK. Equity 1.00m NOK → 1.28m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs moved. All figures are taken from the published annual accounts for ACTIVE AUTO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.25m NOK to 7.57m NOK (+4.5% YoY). Calculated
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Operating result improved
Operating result -766.7k NOK → +278.8k NOK (op. margin -10.6% → 3.7%). Calculated
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Turned profitable
Net result flipped from a loss of 1.16m NOK to a profit of 278.1k NOK. Calculated
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Equity strengthened
Book equity 1.00m NOK → 1.28m NOK (equity ratio 51.4% → 49.5%). Calculated
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Payroll decreased
Salary cost 1.93m NOK → 415.5k NOK (27% → 5% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 140.8k NOK → 68.1k NOK (-51.6% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 6.03m NOK → 6.45m NOK (+7.0% YoY). Calculated