ACTIVE BRANDS BUTIKKDRIFT AS: årsregnskap 2020 vs 2019
Grew 30% on revenue, returned to profit
approved 2021-04-28; registry 2021-11-29; journal 2021 900269
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIVE BRANDS BUTIKKDRIFT AS. Revenue 22.61m NOK → 29.45m NOK (+30.3%). Net result -671.9k NOK → +443.9k NOK. Equity 6.32m NOK → 6.40m 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 BRANDS BUTIKKDRIFT AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 22.61m NOK to 29.45m NOK (+30.3% YoY). Calculated
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Operating result improved
Operating result -842.7k NOK → +138.1k NOK (op. margin -3.7% → 0.5%). Calculated
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Turned profitable
Net result flipped from a loss of 671.9k NOK to a profit of 443.9k NOK. Calculated
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Equity strengthened
Book equity 6.32m NOK → 6.40m NOK (equity ratio 79.2% → 52.0%). Calculated
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Payroll decreased
Salary cost 4.95m NOK → 3.93m NOK (22% → 13% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 333.6k NOK → 200.8k NOK (-39.8% YoY). Calculated
Things to notice
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COGS moved
COGS / varekostnad 14.20m NOK → 17.84m NOK (+25.6% YoY). Calculated