ACTIVESPORT AS: årsregnskap 2018 vs 2017
Grew 69% on revenue, stronger earnings
approved 2019-04-14; registry 2019-06-24; journal 2019 514964
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ACTIVESPORT AS. Revenue 590.3k NOK → 997.7k NOK (+69.0%). Net result -37.1k NOK → -9 183 NOK. Equity 59.1k NOK → 49.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; 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 590.3k NOK to 997.7k NOK (+69.0% YoY). Calculated
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↑
Operating result improved
Operating result -31.8k NOK → +17.8k NOK (op. margin -5.4% → 1.8%). Calculated
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↑
Net result improved
Net result -37.1k NOK → -9 183 NOK (net margin -6.3% → -0.9%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 59.1k NOK → 49.9k NOK (equity ratio 8.7% → 5.2%). Calculated
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↓
Cash fell
Bank deposits 123.0k NOK → 85.5k NOK (-30.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 6 327 NOK → 2.12m NOK (1% → 213% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 400.2k NOK → 632.7k NOK (+58.1% YoY). Calculated