ADVENTURE-BOOKING NORWAY AS: årsregnskap 2019 vs 2018
Grew 28% on revenue
approved 2020-08-31; registry 2020-09-12; journal 2020 795947
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVENTURE-BOOKING NORWAY AS. Revenue 64.6k NOK → 82.7k NOK (+27.9%). Net result -215.4k NOK → -213.0k NOK. Equity 145.2k NOK → -67.8k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVENTURE-BOOKING NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 64.6k NOK to 82.7k NOK (+27.9% YoY). Calculated
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↑
Operating result improved
Operating result -122.7k NOK → -56.4k NOK (op. margin -189.8% → -68.2%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 145.2k NOK → -67.8k NOK (equity ratio 7.4% → -3.9%). Calculated
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↓
Cash fell
Bank deposits 116.4k NOK → 87.6k NOK (-24.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -3.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 85.5k NOK → 54.1k NOK (-36.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 10.95m NOK → 792.5k NOK. Reported fact