ADVENTURE 4 LIFE AS: årsregnskap 2022 vs 2021
Shrank 67% on revenue, returned to profit
approved 2023-05-31; registry 2023-07-20; journal 2023 630519
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVENTURE 4 LIFE AS. Revenue 232.3k NOK → 75.8k NOK (-67.4%). Net result -27.5k NOK → +39.9k NOK. Equity 97.5k NOK → 4.10m NOK.
On the constructive side: operating result improved; turned profitable; 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
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↑
Operating result improved
Operating result -28.1k NOK → +65.7k NOK (op. margin -12.1% → 86.7%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 27.5k NOK to a profit of 39.9k NOK. Calculated
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↑
Equity strengthened
Book equity 97.5k NOK → 4.10m NOK (equity ratio 25.8% → 969.9%). Calculated
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Payroll decreased
Salary cost 87.4k NOK → -85.1k NOK (38% → -112% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 232.3k NOK to 75.8k NOK (-67.4% YoY). Calculated
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↓
Cash fell
Bank deposits 162.8k NOK → 118.2k NOK (-27.4% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 12.0k NOK → -714 NOK (-106.0% YoY). Calculated