ADVENTURE-BOOKING NORWAY AS: årsregnskap 2021 vs 2020
Shrank 73% on revenue, stronger earnings
approved 2022-05-30; registry 2022-06-02; journal 2022 408891
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVENTURE-BOOKING NORWAY AS. Revenue 186.7k NOK → 51.0k NOK (-72.7%). Net result -138.5k NOK → -31.2k NOK. Equity -206.3k NOK → -237.5k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVENTURE-BOOKING NORWAY AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -138.5k NOK → -31.2k NOK (net margin -74.2% → -61.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 186.7k NOK to 51.0k NOK (-72.7% YoY). Calculated
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↓
Operating result weakened
Operating result +130.0k NOK → -31.3k NOK (op. margin 69.6% → -61.3%). Calculated
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↓
Equity eroded
Book equity -206.3k NOK → -237.5k NOK (equity ratio -12.8% → -15.5%). Calculated
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↓
Cash fell
Bank deposits 155.4k NOK → 140.2k NOK (-9.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 41.59× → 0.19× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -15.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation