ACTIVE MARINE AS: årsregnskap 2019 vs 2018
Grew 147177% on revenue, weaker earnings
approved 2020-06-30; registry 2020-08-03; journal 2020 638259
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACTIVE MARINE AS. Revenue 1 395 NOK → 2.05m NOK (+147176.9%). Net result +426.7k NOK → +101.1k NOK. Equity 11.51m NOK → 13.61m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ACTIVE MARINE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1 395 NOK to 2.05m NOK (+147176.9% YoY). Calculated
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↑
Equity strengthened
Book equity 11.51m NOK → 13.61m NOK (equity ratio 25856.6% → 1334.8%). Calculated
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↑
Cash rose
Bank deposits 604.0k NOK → 723.7k NOK (+19.8% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.08× → 2.47×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +550.5k NOK → +247.2k NOK (op. margin 39459.3% → 12.0%). Calculated
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↓
Net result weakened
Net result +426.7k NOK → +101.1k NOK (net margin 30584.7% → 4.9%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 4 220 NOK → 81.0k NOK. Reported fact