ACTIVESPORT AS: årsregnskap 2017 vs 2016
Grew 74% on revenue, slipped into loss
approved 2018-04-14; registry 2018-05-22; journal 2018 332901
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ACTIVESPORT AS. Revenue 339.8k NOK → 590.3k NOK (+73.7%). Net result +5 024 NOK → -37.1k NOK. Equity 96.2k NOK → 59.1k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ACTIVESPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 339.8k NOK to 590.3k NOK (+73.7% YoY). Calculated
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↑
Cash rose
Bank deposits 35.2k NOK → 123.0k NOK (+249.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +21.5k NOK → -31.8k NOK (op. margin 6.3% → -5.4%). Calculated
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↓
Fell into a net loss
Net result flipped from 5 024 NOK profit to a loss of 37.1k NOK. Calculated
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↓
Equity eroded
Book equity 96.2k NOK → 59.1k NOK (equity ratio 18.3% → 8.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 182.1k NOK → 400.2k NOK (+119.8% YoY). Calculated