ACTIVE GOLF AS: årsregnskap 2020 vs 2019
Grew 39% on revenue, returned to profit
approved 2021-02-20; registry 2021-03-06; journal 2021 136398
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIVE GOLF AS. Revenue 3.25m NOK → 4.51m NOK (+38.7%). Net result -822 NOK → +96.8k NOK. Equity 106.3k NOK → 11.20m 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 GOLF AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.25m NOK to 4.51m NOK (+38.7% YoY). Calculated
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↑
Operating result improved
Operating result -635 NOK → +124.1k NOK (op. margin -0.0% → 2.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 822 NOK to a profit of 96.8k NOK. Calculated
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↑
Equity strengthened
Book equity 106.3k NOK → 11.20m NOK (equity ratio 20.3% → 3030.0%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 116.4k NOK → 109.8k NOK (-5.6% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 2.09m NOK → 2.44m NOK (+16.7% YoY). Calculated