ACTIVE ADVENTURE TRAVEL AS: årsregnskap 2023 vs 2022
Shrank 34% on revenue, weaker earnings, cash halved-plus
registry 2024-05-23; journal 2024 432222
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for ACTIVE ADVENTURE TRAVEL AS. Revenue 991.0k NOK → 652.1k NOK (-34.2%). Net result -49.4k NOK → -133.5k NOK. Equity -80.3k NOK → -213.8k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ACTIVE ADVENTURE TRAVEL AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 991.0k NOK to 652.1k NOK (-34.2% YoY). Calculated
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Operating result weakened
Operating result -13.4k NOK → -123.8k NOK (op. margin -1.3% → -19.0%). Calculated
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Net result weakened
Net result -49.4k NOK → -133.5k NOK (net margin -5.0% → -20.5%). Calculated
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Equity eroded
Book equity -80.3k NOK → -213.8k NOK (equity ratio -17.5% → -61.8%). Calculated
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Cash fell
Bank deposits 355.4k NOK → 3 743 NOK (-98.9% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -61.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 2 715 NOK → 0 NOK. Reported fact