ACTIVESPORT AS: årsregnskap 2023 vs 2022
Shrank 30% on revenue, stronger earnings
approved 2024-06-19; registry 2024-06-25; journal 2024 542156
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ACTIVESPORT AS. Revenue 109.4k NOK → 77.1k NOK (-29.5%). Net result -80.4k NOK → -28.0k NOK. Equity -115.2k NOK → -143.1k NOK.
On the constructive side: operating result improved; net result improved; cash rose. Pressures included: revenue fell; equity eroded.
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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Operating result improved
Operating result -89.5k NOK → -26.9k NOK (op. margin -81.8% → -34.9%). Calculated
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↑
Net result improved
Net result -80.4k NOK → -28.0k NOK (net margin -73.5% → -36.3%). Calculated
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Cash rose
Bank deposits 21.9k NOK → 39.7k NOK (+81.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 109.4k NOK to 77.1k NOK (-29.5% YoY). Calculated
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↓
Equity eroded
Book equity -115.2k NOK → -143.1k NOK (equity ratio -44.2% → -71.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -71.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 112.6k NOK → 58.3k NOK (-48.2% YoY). Calculated