ACTIVE MARINE AS: årsregnskap 2020 vs 2019
Shrank 11% on revenue, stronger earnings
approved 2021-05-19; registry 2021-06-16; journal 2021 335061
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIVE MARINE AS. Revenue 2.05m NOK → 1.83m NOK (-11.0%). Net result +101.1k NOK → +149.7k NOK. Equity 13.61m NOK → 12.76m NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
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
-
↑
Net result improved
Net result +101.1k NOK → +149.7k NOK (net margin 4.9% → 8.2%). Calculated
-
↑
Cash rose
Bank deposits 723.7k NOK → 861.3k NOK (+19.0% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.05m NOK to 1.83m NOK (-11.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +247.2k NOK → +45.1k NOK (op. margin 12.0% → 2.5%). Calculated
-
↓
Equity eroded
Book equity 13.61m NOK → 12.76m NOK (equity ratio 1334.8% → 1109.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 2.47× → 0.35× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 1 NOK → 1.73m NOK (0% → 94% of revenue). Calculated
Things to notice
-
·
Book investments changed
Investment / intangible book value 81.0k NOK → 13.11m NOK. Reported fact