ACTIVE BRANDS AS: årsregnskap 2016 vs 2015
Grew 33% on revenue, stronger earnings
approved 2017-03-16; registry 2017-07-05; journal 2017 614042
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ACTIVE BRANDS AS. Revenue 628.2k NOK → 834.4k NOK (+32.8%). Net result +6.57m NOK → +71.06m NOK. Equity 11.19m NOK → 255.7k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; cogs moved; book investments changed. All figures are taken from the published annual accounts for ACTIVE BRANDS AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 628.2k NOK to 834.4k NOK (+32.8% YoY). Calculated
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Net result improved
Net result +6.57m NOK → +71.06m NOK (net margin 1046.5% → 8516.0%). Calculated
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Cash rose
Bank deposits 3.01m NOK → 64.24m NOK (+2036.4% YoY). Calculated
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Payroll decreased
Salary cost 101.11m NOK → 12.11m NOK (16096% → 1452% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 11.19m NOK → 255.7k NOK (equity ratio 2077.9% → 38.5%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.27× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 231.48m NOK → 237.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 389.6k NOK → 500.9k NOK (+28.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 291.0k NOK → 7 291 NOK. Reported fact