ACTIVE PARTNER AS: årsregnskap 2020 vs 2019
Shrank 55% on revenue, stronger earnings
approved 2021-06-03; registry 2021-06-29; journal 2021 417271
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIVE PARTNER AS. Revenue 3.94m NOK → 1.79m NOK (-54.6%). Net result +208.8k NOK → +16.44m NOK. Equity 7.32m NOK → 22.56m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Also worth watching: 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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Net result improved
Net result +208.8k NOK → +16.44m NOK (net margin 5.3% → 920.2%). Calculated
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Equity strengthened
Book equity 7.32m NOK → 22.56m NOK (equity ratio 90.8% → 94.9%). Calculated
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Cash rose
Bank deposits 1.06m NOK → 1.27m NOK (+20.2% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 3.94m NOK to 1.79m NOK (-54.6% YoY). Calculated
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Operating result weakened
Operating result +208.8k NOK → -327.9k NOK (op. margin 5.3% → -18.4%). Calculated
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Payroll up without matching revenue
Salary cost 1 NOK → 570.0k NOK (0% → 32% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 2.54m NOK → 654.4k NOK (-74.2% YoY). Calculated