ACTIVE HOUSE AS: årsregnskap 2020 vs 2019
Shrank 50% on revenue, slipped into loss, cash halved-plus
approved 2021-05-12; registry 2021-05-27; journal 2021 330397
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIVE HOUSE AS. Revenue 55.4k NOK → 27.9k NOK (-49.7%). Net result +22.2k NOK → -2 955 NOK. Equity -261.9k NOK → -264.9k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACTIVE HOUSE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 55.4k NOK to 27.9k NOK (-49.7% YoY). Calculated
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Operating result weakened
Operating result +20.6k NOK → +4 816 NOK (op. margin 37.2% → 17.3%). Calculated
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Fell into a net loss
Net result flipped from 22.2k NOK profit to a loss of 2 955 NOK. Calculated
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Equity eroded
Book equity -261.9k NOK → -264.9k NOK (equity ratio -37.7% → -38.2%). Calculated
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Cash fell
Bank deposits 694.7k NOK → 188.0k NOK (-72.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -38.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation