ACTIVEON AS: årsregnskap 2020 vs 2019
Grew 99% on revenue, weaker earnings, fresh owner capital
registry 2021-08-26; journal 2021 647569
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIVEON AS. Revenue 2.83m NOK → 5.64m NOK (+99.2%). Net result -29.4k NOK → -779.3k NOK. Equity 52.95m NOK → 74.86m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: net result weakened.
Also worth watching: payroll increased; cogs moved; 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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↑
Revenue rose
Operating income / revenue moved from 2.83m NOK to 5.64m NOK (+99.2% YoY). Calculated
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↑
Operating result improved
Operating result -2.79m NOK → -2.74m NOK (op. margin -98.5% → -48.5%). Calculated
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↑
Equity strengthened
Book equity 52.95m NOK → 74.86m NOK (equity ratio 63.8% → 51.3%). Calculated
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↑
Cash rose
Bank deposits 165.3k NOK → 219.9k NOK (+33.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.93× → 6.04×. Calculated
What deteriorated
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↓
Net result weakened
Net result -29.4k NOK → -779.3k NOK (net margin -1.0% → -13.8%). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.58m NOK → 3.87m NOK (127% → 69% of revenue). Calculated
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COGS moved
COGS / varekostnad 189.4k NOK → 239.8k NOK (+26.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 54.88m NOK → 133.58m NOK. Reported fact