ADVENTURE-BOOKING NORWAY AS: årsregnskap 2020 vs 2019
Grew 126% on revenue, stronger earnings
approved 2021-07-07; registry 2021-07-12; journal 2021 555493
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVENTURE-BOOKING NORWAY AS. Revenue 82.7k NOK → 186.7k NOK (+125.8%). Net result -213.0k NOK → -138.5k NOK. Equity -67.8k NOK → -206.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
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 82.7k NOK to 186.7k NOK (+125.8% YoY). Calculated
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Operating result improved
Operating result -56.4k NOK → +130.0k NOK (op. margin -68.2% → 69.6%). Calculated
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Net result improved
Net result -213.0k NOK → -138.5k NOK (net margin -257.7% → -74.2%). Calculated
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Cash rose
Bank deposits 87.6k NOK → 155.4k NOK (+77.4% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.16× → 41.59×. Calculated
What deteriorated
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Equity eroded
Book equity -67.8k NOK → -206.3k NOK (equity ratio -3.9% → -12.8%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -12.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 54.1k NOK → 1 715 NOK (-96.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 792.5k NOK → 524.0k NOK. Reported fact