ADVENTURE-BOOKING NORWAY AS: årsregnskap 2018 vs 2017
Shrank 73% on revenue, slipped into loss
approved 2019-03-19; registry 2019-04-02; journal 2019 262553
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVENTURE-BOOKING NORWAY AS. Revenue 236.2k NOK → 64.6k NOK (-72.6%). Net result +45.6k NOK → -215.4k NOK. Equity 360.6k NOK → 145.2k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVENTURE-BOOKING NORWAY AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 236.2k NOK to 64.6k NOK (-72.6% YoY). Calculated
-
↓
Operating result weakened
Operating result -103.8k NOK → -122.7k NOK (op. margin -43.9% → -189.8%). Calculated
-
↓
Fell into a net loss
Net result flipped from 45.6k NOK profit to a loss of 215.4k NOK. Calculated
-
↓
Equity eroded
Book equity 360.6k NOK → 145.2k NOK (equity ratio 268.4% → 7.4%). Calculated
-
↓
Cash fell
Bank deposits 141.7k NOK → 116.4k NOK (-17.8% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 7.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 41.3k NOK → 10.95m NOK. Reported fact