ACTIVE TROMSO AS: årsregnskap 2018 vs 2017
Weaker earnings
approved 2019-07-25; registry 2019-08-07; journal 2019 901734
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACTIVE TROMSO AS. Revenue 3.85m NOK → 4.04m NOK (+5.0%). Net result +823.1k NOK → +459.9k NOK. Equity 809.0k NOK → 268.9k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ACTIVE TROMSO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.85m NOK to 4.04m NOK (+5.0% YoY). Calculated
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↑
Operating result improved
Operating result +1 078 NOK → +772.5k NOK (op. margin 0.0% → 19.1%). Calculated
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↑
Cash rose
Bank deposits 18.5k NOK → 66.4k NOK (+258.2% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +823.1k NOK → +459.9k NOK (net margin 21.4% → 11.4%). Calculated
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↓
Equity eroded
Book equity 809.0k NOK → 268.9k NOK (equity ratio 20.0% → 4.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 697.6k NOK → 940.9k NOK (18% → 23% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 96.1k NOK → 144.7k NOK (+50.6% YoY). Calculated