ACTIVE GOLF AS: årsregnskap 2018 vs 2017
Shrank 15% on revenue, slipped into loss, cash halved-plus
approved 2019-02-18; registry 2019-03-13; journal 2019 233845
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACTIVE GOLF AS. Revenue 3.51m NOK → 3.00m NOK (-14.6%). Net result +51.9k NOK → -69.8k NOK. Equity 176.9k NOK → 107.1k NOK.
Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ACTIVE GOLF AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.51m NOK to 3.00m NOK (-14.6% YoY). Calculated
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Fell into a net loss
Net result flipped from 51.9k NOK profit to a loss of 69.8k NOK. Calculated
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Equity eroded
Book equity 176.9k NOK → 107.1k NOK (equity ratio 31.6% → 29.2%). Calculated
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Cash fell
Bank deposits 228.2k NOK → 23.9k NOK (-89.5% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 2.09m NOK → 1.98m NOK (-5.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 34.5k NOK → 1 000 NOK. Reported fact