ADVENTURE 4 LIFE AS: årsregnskap 2018 vs 2017
Grew 44% on revenue, returned to profit
approved 2019-01-28; registry 2019-01-31; journal 2019 204492
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVENTURE 4 LIFE AS. Revenue 216.0k NOK → 310.2k NOK (+43.6%). Net result -84.7k NOK → 0 NOK. Equity 86.4k NOK → 86.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
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 216.0k NOK to 310.2k NOK (+43.6% YoY). Calculated
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↑
Operating result improved
Operating result -84.9k NOK → -53.1k NOK (op. margin -39.3% → -17.1%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 84.7k NOK to a profit of 0 NOK. Calculated
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Cash rose
Bank deposits 96.1k NOK → 130.8k NOK (+36.1% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 13.9k NOK → 28.6k NOK (6% → 9% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 149.9k NOK → 178.1k NOK (+18.8% YoY). Calculated