ACTIVE BRANDS AS: årsregnskap 2021 vs 2020
Shrank 100% on revenue, returned to profit
approved 2022-06-29; registry 2022-08-15; journal 2022 862310
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ACTIVE BRANDS AS. Revenue 840.87m NOK → 1.25m NOK (-99.9%). Net result -161.0k NOK → +92.56m NOK. Equity 459.49m NOK → 328.33m NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: cogs fell; headcount (årsverk) changed. All figures are taken from the published annual accounts for ACTIVE BRANDS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +8.37m NOK → +127.81m NOK (op. margin 1.0% → 10228.3%). Calculated
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Turned profitable
Net result flipped from a loss of 161.0k NOK to a profit of 92.56m NOK. Calculated
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Cash rose
Bank deposits 79.68m NOK → 233.64m NOK (+193.2% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 840.87m NOK to 1.25m NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 459.49m NOK → 328.33m NOK (equity ratio 61.6% → 32950.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 94.59m NOK → 124.91m NOK (11% → 9996% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 528.76m NOK → 744.8k NOK (-99.9% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 118 → 137. Reported fact