ACTIVE GOLF AS: årsregnskap 2000 vs 1999
Shrank 54% on revenue, slipped into loss
Summary
What changed
Comparing Årsregnskap 2000 with 1999 for ACTIVE GOLF AS. Revenue 2.10m NOK → 956.9k NOK (-54.4%). Net result +280.4k NOK → -35.3k NOK. Equity 645.9k NOK → 610.6k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACTIVE GOLF AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost -464.3k NOK → -474.9k NOK (-22% → -50% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.10m NOK to 956.9k NOK (-54.4% YoY). Calculated
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↓
Operating result weakened
Operating result +453.7k NOK → -80.4k NOK (op. margin 21.6% → -8.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 280.4k NOK profit to a loss of 35.3k NOK. Calculated
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↓
Equity eroded
Book equity 645.9k NOK → 610.6k NOK (equity ratio 46.5% → 50.1%). Calculated
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↓
COGS moved
COGS / varekostnad -1.48m NOK → -736.7k NOK (+50.3% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 0 NOK → 24.0k NOK. Reported fact