ADVENTURE 4 LIFE AS: årsregnskap 2020 vs 2019
Slipped into loss
approved 2021-05-31; registry 2021-06-28; journal 2021 493856
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVENTURE 4 LIFE AS. Revenue 273.3k NOK → 273.3k NOK (0.0%). Net result +22.0k NOK → -29.0k NOK. Equity 4.11m NOK → 103.6k NOK.
On the constructive side: payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 8 844 NOK → 1 454 NOK (3% → 1% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +25.0k NOK → -36.4k NOK (op. margin 9.1% → -13.3%). Calculated
-
↓
Fell into a net loss
Net result flipped from 22.0k NOK profit to a loss of 29.0k NOK. Calculated
-
↓
Equity eroded
Book equity 4.11m NOK → 103.6k NOK (equity ratio 3644.9% → 102.5%). Calculated
-
↓
Cash fell
Bank deposits 108.0k NOK → 69.7k NOK (-35.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 26.35× → -40.16× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated