Org.nr 979 710 070 2017 → 2018 Year-over-year analysis

ADVENTURE AS: årsregnskap 2018 vs 2017

Slipped into loss, cash halved-plus

approved 2019-06-27; registry 2019-07-06; journal 2019 628327

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVENTURE AS. Net result +11.8k NOK → -437.2k NOK. Equity 4.71m NOK → 4.02m NOK.

Pressures included: operating result weakened; fell into a net loss; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for ADVENTURE AS.

At a glance

Revenue

n/m 0 NOK

—

Operating result

-104.3k NOK -541.2k NOK

-418.8%

Net result

+11.8k NOK -437.2k NOK

-3813.9%

Equity

4.71m NOK 4.02m NOK

-14.6%

Cash

79.3k NOK 1 706 NOK

-97.8%

Total assets

5.41m NOK 4.47m NOK

-17.3%

↓
Operating result weakened

Operating result -104.3k NOK → -541.2k NOK. Calculated
↓
Fell into a net loss

Net result flipped from 11.8k NOK profit to a loss of 437.2k NOK. Calculated
↓
Equity eroded

Book equity 4.71m NOK → 4.02m NOK (equity ratio 87.0% → 89.8%). Calculated
↓
Cash fell

Bank deposits 79.3k NOK → 1 706 NOK (-97.8% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 4 NOK → 32.4k NOK. Calculated

·
Book investments changed

Investment / intangible book value 672.8k NOK → 164.0k NOK. Reported fact