ADVENTURE 4 LIFE AS: årsregnskap 2017 vs 2016
Grew 15% on revenue, slipped into loss
approved 2018-06-25; registry 2018-06-28; journal 2018 591486
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVENTURE 4 LIFE AS. Revenue 188.4k NOK → 216.0k NOK (+14.7%). Net result +49.5k NOK → -84.7k NOK. Equity 171.1k NOK → 86.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for ADVENTURE 4 LIFE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 188.4k NOK to 216.0k NOK (+14.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +62.4k NOK → -84.9k NOK (op. margin 33.1% → -39.3%). Calculated
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↓
Fell into a net loss
Net result flipped from 49.5k NOK profit to a loss of 84.7k NOK. Calculated
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↓
Equity eroded
Book equity 171.1k NOK → 86.4k NOK (equity ratio 89.9% → 89.2%). Calculated
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↓
Cash fell
Bank deposits 184.3k NOK → 96.1k NOK (-47.9% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 1 NOK → 13.9k NOK (0% → 6% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 108.8k NOK → 149.9k NOK (+37.7% YoY). Calculated