ACTIVEON AS: årsregnskap 2019 vs 2018
Shrank 21% on revenue, slipped into loss, cash halved-plus
approved 2020-08-25; registry 2020-09-19; journal 2020 836664
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACTIVEON AS. Revenue 3.60m NOK → 2.83m NOK (-21.2%). Net result +10.8k NOK → -29.4k NOK. Equity 15.65m NOK → 52.95m NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: revenue fell; fell into a net loss; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ACTIVEON AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 15.65m NOK → 52.95m NOK (equity ratio 51.5% → 63.8%). Calculated
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↑
Owners injected capital
Paid-in equity rose 1.00m NOK → 38.33m NOK (+37.33m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.60m NOK to 2.83m NOK (-21.2% YoY). Calculated
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↓
Fell into a net loss
Net result flipped from 10.8k NOK profit to a loss of 29.4k NOK. Calculated
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↓
Cash fell
Bank deposits 1.34m NOK → 165.3k NOK (-87.6% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.91× → 0.93× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
COGS moved
COGS / varekostnad 1 222 NOK → 189.4k NOK (+15396.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.34m NOK → 165.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 2.27m NOK → 54.88m NOK. Reported fact