FirmaIQ
Org.nr 918 832 955 2019 → 2020 Year-over-year analysis

ADVENTURE EVENT AS: årsregnskap 2020 vs 2019

Shrank 14% on revenue, returned to profit

approved 2021-05-04; registry 2021-05-31; journal 2021 356333

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVENTURE EVENT AS. Revenue 685.9k NOK → 587.3k NOK (-14.4%). Net result -94.6k NOK → +266.1k NOK. Equity -106.3k NOK → 159.9k NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
685.9k NOK 587.3k NOK
-14.4%
Operating result
-85.2k NOK +304.5k NOK
+457.5%
Net result
-94.6k NOK +266.1k NOK
+381.4%
Equity
-106.3k NOK 159.9k NOK
+250.5%
Cash
76.9k NOK 478.0k NOK
+521.7%
Total assets
168.6k NOK 478.0k NOK
+183.6%

What improved

  • ↑

    Operating result improved

    Operating result -85.2k NOK → +304.5k NOK (op. margin -12.4% → 51.8%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 94.6k NOK to a profit of 266.1k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -106.3k NOK → 159.9k NOK (equity ratio -63.0% → 33.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 76.9k NOK → 478.0k NOK (+521.7% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.61× → 1.50×. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 685.9k NOK to 587.3k NOK (-14.4% YoY). Calculated