ACTIVESPORT AS: årsregnskap 2019 vs 2018
Shrank 59% on revenue, weaker earnings
approved 2020-05-31; registry 2020-06-20; journal 2020 464450
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ACTIVESPORT AS. Revenue 997.7k NOK → 410.6k NOK (-58.8%). Net result -9 183 NOK → -56.3k NOK. Equity 49.9k NOK → -6 353 NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ACTIVESPORT AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 85.5k NOK → 272.4k NOK (+218.5% YoY). Calculated
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↑
Payroll decreased
Salary cost 2.12m NOK → 97.1k NOK (213% → 24% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 997.7k NOK to 410.6k NOK (-58.8% YoY). Calculated
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↓
Operating result weakened
Operating result +17.8k NOK → -32.0k NOK (op. margin 1.8% → -7.8%). Calculated
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↓
Net result weakened
Net result -9 183 NOK → -56.3k NOK (net margin -0.9% → -13.7%). Calculated
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↓
Equity eroded
Book equity 49.9k NOK → -6 353 NOK (equity ratio 5.2% → -0.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 632.7k NOK → 229.2k NOK (-63.8% YoY). Calculated