ADVENTURE 4 LIFE AS: årsregnskap 2019 vs 2018
Shrank 12% on revenue, stronger earnings
approved 2020-07-15; registry 2020-09-12; journal 2020 803927
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVENTURE 4 LIFE AS. Revenue 310.2k NOK → 273.3k NOK (-11.9%). Net result 0 NOK → +22.0k NOK. Equity 86.4k NOK → 4.11m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVENTURE 4 LIFE AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -53.1k NOK → +25.0k NOK (op. margin -17.1% → 9.1%). Calculated
-
↑
Net result improved
Net result 0 NOK → +22.0k NOK (net margin 0.0% → 8.1%). Calculated
-
↑
Equity strengthened
Book equity 86.4k NOK → 4.11m NOK (equity ratio 45.2% → 3644.9%). Calculated
-
↑
Payroll decreased
Salary cost 28.6k NOK → 8 844 NOK (9% → 3% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 310.2k NOK to 273.3k NOK (-11.9% YoY). Calculated
-
↓
Cash fell
Bank deposits 130.8k NOK → 108.0k NOK (-17.4% YoY). Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 178.1k NOK → 118.2k NOK (-33.6% YoY). Calculated