ADVENTURE EVENT AS: årsregnskap 2022 vs 2021
Shrank 62% on revenue, slipped into loss, cash halved-plus
approved 2023-03-20; registry 2023-05-30; journal 2023 437587
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for ADVENTURE EVENT AS. Revenue 368.0k NOK → 141.3k NOK (-61.6%). Net result +218.2k NOK → -490.3k NOK. Equity 378.1k NOK → -112.2k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVENTURE EVENT AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 368.0k NOK to 141.3k NOK (-61.6% YoY). Calculated
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Operating result weakened
Operating result +285.2k NOK → -486.6k NOK (op. margin 77.5% → -344.4%). Calculated
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Fell into a net loss
Net result flipped from 218.2k NOK profit to a loss of 490.3k NOK. Calculated
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Equity eroded
Book equity 378.1k NOK → -112.2k NOK (equity ratio 52.7% → -61.2%). Calculated
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Cash fell
Bank deposits 712.6k NOK → 182.8k NOK (-74.3% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -61.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation