ACTIVESPORT AS: årsregnskap 2020 vs 2019
Shrank 58% on revenue, weaker earnings
approved 2021-08-16; registry 2021-08-18; journal 2021 642009
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ACTIVESPORT AS. Revenue 410.6k NOK → 171.2k NOK (-58.3%). Net result -56.3k NOK → -106.7k NOK. Equity -6 353 NOK → -113.0k NOK.
On the constructive side: 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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↑
Payroll decreased
Salary cost 97.1k NOK → 3 485 NOK (24% → 2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 410.6k NOK to 171.2k NOK (-58.3% YoY). Calculated
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↓
Operating result weakened
Operating result -32.0k NOK → -99.3k NOK (op. margin -7.8% → -58.0%). Calculated
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↓
Net result weakened
Net result -56.3k NOK → -106.7k NOK (net margin -13.7% → -62.3%). Calculated
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↓
Equity eroded
Book equity -6 353 NOK → -113.0k NOK (equity ratio -0.8% → -17.6%). Calculated
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↓
Cash fell
Bank deposits 272.4k NOK → 235.2k NOK (-13.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -17.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 229.2k NOK → 186.6k NOK (-18.6% YoY). Calculated