ACTIVE SERVICES AS: årsregnskap 2018 vs 2017
Grew 13% on revenue, stronger earnings
approved 2019-06-24; registry 2019-07-13; journal 2019 702112
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACTIVE SERVICES AS. Revenue 4.64m NOK → 5.22m NOK (+12.5%). Net result +262.9k NOK → +434.4k NOK. Equity 598.5k NOK → 32.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACTIVE SERVICES AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 4.64m NOK to 5.22m NOK (+12.5% YoY). Calculated
-
↑
Operating result improved
Operating result +349.4k NOK → +584.7k NOK (op. margin 7.5% → 11.2%). Calculated
-
↑
Net result improved
Net result +262.9k NOK → +434.4k NOK (net margin 5.7% → 8.3%). Calculated
-
↑
Cash rose
Bank deposits 454.0k NOK → 844.1k NOK (+85.9% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 598.5k NOK → 32.9k NOK (equity ratio 44.1% → 1.7%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 1.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 3.09m NOK → 3.10m NOK (67% → 59% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 267.1k NOK → 409.1k NOK (+53.2% YoY). Calculated