ACTIVE TOURS AS: årsregnskap 2020 vs 2019
Shrank 36% on revenue, returned to profit
approved 2021-06-23; registry 2021-07-22; journal 2021 527392
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIVE TOURS AS. Revenue 31.66m NOK → 20.38m NOK (-35.6%). Net result -181.9k NOK → +759.4k NOK. Equity -468.7k NOK → 40.7k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ACTIVE TOURS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +20.6k NOK → +2.17m NOK (op. margin 0.1% → 10.7%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 181.9k NOK to a profit of 759.4k NOK. Calculated
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↑
Equity strengthened
Book equity -468.7k NOK → 40.7k NOK (equity ratio -8.4% → 0.7%). Calculated
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↑
Cash rose
Bank deposits 3.06m NOK → 3.12m NOK (+2.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 1.00× → 3.98×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 31.66m NOK to 20.38m NOK (-35.6% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 100.0k NOK → 850 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 27.92m NOK → 14.99m NOK (-46.3% YoY). Calculated