ACTIVE TRANSPORT SERVICE AS: årsregnskap 2020 vs 2019
Grew 8% on revenue, stronger earnings
approved 2021-08-30; registry 2021-09-28; journal 2021 749413
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIVE TRANSPORT SERVICE AS. Revenue 18.16m NOK → 19.59m NOK (+7.8%). Net result +146.1k NOK → +427.7k NOK. Equity 696.3k NOK → 124.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ACTIVE TRANSPORT SERVICE AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 18.16m NOK to 19.59m NOK (+7.8% YoY). Calculated
-
↑
Operating result improved
Operating result +225.5k NOK → +584.7k NOK (op. margin 1.2% → 3.0%). Calculated
-
↑
Net result improved
Net result +146.1k NOK → +427.7k NOK (net margin 0.8% → 2.2%). Calculated
-
↑
Cash rose
Bank deposits 82.7k NOK → 2.37m NOK (+2769.6% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 696.3k NOK → 124.0k NOK (equity ratio 12.1% → 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
-
·
COGS fell
COGS / varekostnad 5.54m NOK → 5.52m NOK (-0.3% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 409.3k NOK → 310.3k NOK. Reported fact