ACTIVE TOURS AS: årsregnskap 2019 vs 2018
Grew 22% on revenue, stronger earnings
approved 2020-06-26; registry 2020-07-06; journal 2020 533557
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACTIVE TOURS AS. Revenue 25.92m NOK → 31.66m NOK (+22.1%). Net result -1.15m NOK → -181.9k NOK. Equity -286.8k NOK → -468.7k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: 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
-
↑
Revenue rose
Operating income / revenue moved from 25.92m NOK to 31.66m NOK (+22.1% YoY). Calculated
-
↑
Operating result improved
Operating result -1.12m NOK → +20.6k NOK (op. margin -4.3% → 0.1%). Calculated
-
↑
Net result improved
Net result -1.15m NOK → -181.9k NOK (net margin -4.5% → -0.6%). Calculated
-
↑
Cash rose
Bank deposits 2.67m NOK → 3.06m NOK (+14.6% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -286.8k NOK → -468.7k NOK (equity ratio -6.3% → -8.4%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -8.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 21.32m NOK → 27.92m NOK (+30.9% YoY). Calculated