ACTIVE PARTNER AS: årsregnskap 2019 vs 2018
Shrank 55% on revenue, weaker earnings, cash halved-plus
approved 2020-07-01; registry 2020-07-13; journal 2020 568187
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACTIVE PARTNER AS. Revenue 8.69m NOK → 3.94m NOK (-54.7%). Net result +770.0k NOK → +208.8k NOK. Equity 8.36m NOK → 7.32m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for ACTIVE PARTNER AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 7.63bn NOK → 1 NOK (87733% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.69m NOK to 3.94m NOK (-54.7% YoY). Calculated
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↓
Operating result weakened
Operating result +564.5k NOK → +208.8k NOK (op. margin 6.5% → 5.3%). Calculated
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↓
Net result weakened
Net result +770.0k NOK → +208.8k NOK (net margin 8.9% → 5.3%). Calculated
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↓
Equity eroded
Book equity 8.36m NOK → 7.32m NOK (equity ratio 95.1% → 90.8%). Calculated
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↓
Cash fell
Bank deposits 2.95m NOK → 1.06m NOK (-64.3% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.95m NOK → 1.06m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 6.90m NOK → 2.54m NOK (-63.2% YoY). Calculated