Org.nr 918 832 955 2018 → 2019 Year-over-year analysis

ADVENTURE EVENT AS: årsregnskap 2019 vs 2018

Shrank 22% on revenue

approved 2020-05-08; registry 2020-06-10; journal 2020 412920

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVENTURE EVENT AS. Revenue 885.1k NOK → 685.9k NOK (-22.5%). Equity -11.7k NOK → -106.3k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVENTURE EVENT AS.

At a glance

Revenue

885.1k NOK 685.9k NOK

-22.5%

Operating result

n/m -85.2k NOK

—

Net result

n/m -94.6k NOK

—

Equity

-11.7k NOK -106.3k NOK

-810.8%

Cash

112.2k NOK 76.9k NOK

-31.5%

Total assets

288.9k NOK 168.6k NOK

-41.6%

↓
Revenue fell

Operating income / revenue moved from 885.1k NOK to 685.9k NOK (-22.5% YoY). Calculated
↓
Equity eroded

Book equity -11.7k NOK → -106.3k NOK (equity ratio -4.0% → -63.0%). Calculated
↓
Cash fell

Bank deposits 112.2k NOK → 76.9k NOK (-31.5% YoY). Calculated

·
Thin equity buffer

Equity ratio is -63.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 374.8k NOK → 15.3k NOK (-95.9% YoY). Calculated