ACTIVE INNOVATION AS: årsregnskap 2019 vs 2018
Grew 1546% on revenue, weaker earnings, cash halved-plus
approved 2020-06-15; registry 2020-06-24; journal 2020 478877
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACTIVE INNOVATION AS. Revenue 69.7k NOK → 1.15m NOK (+1545.8%). Net result +168.3k NOK → +69.3k NOK. Equity 993.5k NOK → 1.06m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ACTIVE INNOVATION AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 69.7k NOK to 1.15m NOK (+1545.8% YoY). Calculated
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↑
Equity strengthened
Book equity 993.5k NOK → 1.06m NOK (equity ratio 75.4% → 802.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +228.8k NOK → +93.4k NOK (op. margin 328.3% → 8.1%). Calculated
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↓
Net result weakened
Net result +168.3k NOK → +69.3k NOK (net margin 241.4% → 6.0%). Calculated
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↓
Cash fell
Bank deposits 625.1k NOK → 270.4k NOK (-56.7% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 818.0k NOK → 1 023 NOK (-99.9% YoY). Calculated