ADVENTURE EVENT AS: årsregnskap 2018 vs 2017
Grew 8% on revenue
approved 2019-05-10; registry 2019-06-18; journal 2019 448443
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVENTURE EVENT AS. Revenue 819.8k NOK → 885.1k NOK (+8.0%). Equity 42.8k NOK → -11.7k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVENTURE EVENT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 819.8k NOK to 885.1k NOK (+8.0% YoY). Calculated
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↑
Cash rose
Bank deposits 7 596 NOK → 112.2k NOK (+1377.3% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 42.8k NOK → -11.7k NOK (equity ratio 20.2% → -4.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.25× → 0.96× — 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 -4.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 778.1k NOK → 374.8k NOK (-51.8% YoY). Calculated