ACTIVE TOURS AS: årsregnskap 2018 vs 2017
Grew 7% on revenue, slipped into loss
approved 2019-06-25; registry 2019-07-10; journal 2019 668868
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACTIVE TOURS AS. Revenue 24.20m NOK → 25.92m NOK (+7.1%). Net result +9 581 NOK → -1.15m NOK. Equity 867.6k NOK → -286.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ACTIVE TOURS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 24.20m NOK to 25.92m NOK (+7.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -32.5k NOK → -1.12m NOK (op. margin -0.1% → -4.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 9 581 NOK profit to a loss of 1.15m NOK. Calculated
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↓
Equity eroded
Book equity 867.6k NOK → -286.8k NOK (equity ratio 17.2% → -6.3%). Calculated
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↓
Cash fell
Bank deposits 2.83m NOK → 2.67m NOK (-5.4% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.20× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -6.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 20.24m NOK → 21.32m NOK (+5.3% YoY). Calculated