ADVENTURE-BOOKING NORWAY AS: årsregnskap 2022 vs 2021
Weaker earnings, cash halved-plus
approved 2023-05-20; registry 2023-05-25; journal 2023 426864
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVENTURE-BOOKING NORWAY AS. Revenue 51.0k NOK → 51.0k NOK (0.0%). Net result -31.2k NOK → -154.3k NOK. Equity -237.5k NOK → -391.8k NOK.
Pressures included: operating result weakened; net 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 deteriorated
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↓
Operating result weakened
Operating result -31.3k NOK → -154.3k NOK (op. margin -61.3% → -302.8%). Calculated
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↓
Net result weakened
Net result -31.2k NOK → -154.3k NOK (net margin -61.2% → -302.8%). Calculated
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↓
Equity eroded
Book equity -237.5k NOK → -391.8k NOK (equity ratio -15.5% → -28.3%). Calculated
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↓
Cash fell
Bank deposits 140.2k NOK → 25.8k NOK (-81.6% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 1 715 NOK → 92.8k NOK (+5308.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -28.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation