ACTIVE BRANDS AS: årsregnskap 2020 vs 2019
Grew 77025% on revenue, slipped into loss
approved 2021-04-28; registry 2021-12-02; journal 2021 900943
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIVE BRANDS AS. Revenue 1.09m NOK → 840.87m NOK (+77025.5%). Net result +69.29m NOK → -161.0k NOK. Equity 470.8k NOK → 459.49m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; fell into a net loss.
Also worth watching: cogs moved. 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 1.09m NOK to 840.87m NOK (+77025.5% YoY). Calculated
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↑
Equity strengthened
Book equity 470.8k NOK → 459.49m NOK (equity ratio 0.1% → 61.6%). Calculated
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↑
Cash rose
Bank deposits 20.47m NOK → 79.68m NOK (+289.3% YoY). Calculated
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↑
Payroll decreased
Salary cost 3.11bn NOK → 94.59m NOK (285228% → 11% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +97.15m NOK → +8.37m NOK (op. margin 8910.7% → 1.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 69.29m NOK profit to a loss of 161.0k NOK. Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 674.7k NOK → 528.76m NOK (+78275.0% YoY). Calculated