ACTIVE BRANDS AS: årsregnskap 2022 vs 2021
Grew 101529% on revenue, weaker earnings, cash halved-plus
approved 2023-06-28; registry 2023-09-20; journal 2023 729480
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ACTIVE BRANDS AS. Revenue 1.25m NOK → 1.27bn NOK (+101529.3%). Net result +92.56m NOK → +14.13m NOK. Equity 328.33m NOK → 318.96m NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; 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 1.25m NOK to 1.27bn NOK (+101529.3% YoY). Calculated
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Payroll decreased
Salary cost 124.91m NOK → 150.6k NOK (9996% → 0% of revenue). Calculated
What deteriorated
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Operating result weakened
Operating result +127.81m NOK → +44.86m NOK (op. margin 10228.3% → 3.5%). Calculated
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Net result weakened
Net result +92.56m NOK → +14.13m NOK (net margin 7407.0% → 1.1%). Calculated
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Equity eroded
Book equity 328.33m NOK → 318.96m NOK (equity ratio 32950.7% → 35.8%). Calculated
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Cash fell
Bank deposits 233.64m NOK → 23.57m NOK (-89.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (233.64m NOK → 23.57m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS moved
COGS / varekostnad 744.8k NOK → 793.4k NOK (+6.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 1 000 NOK → 501.0k NOK. Reported fact