ADVENTURE GROUP AS: årsregnskap 2018 vs 2017
Shrank 97% on revenue, weaker earnings, cash halved-plus
approved 2019-05-10; registry 2019-06-15; journal 2019 430574
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVENTURE GROUP AS. Revenue 300.0k NOK → 8 169 NOK (-97.3%). Net result -22.5k NOK → -459.4k NOK. Equity 1 954 NOK → -457.5k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVENTURE GROUP AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 300.0k NOK to 8 169 NOK (-97.3% YoY). Calculated
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Operating result weakened
Operating result -22.1k NOK → -455.6k NOK (op. margin -7.4% → -5577.6%). Calculated
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Net result weakened
Net result -22.5k NOK → -459.4k NOK (net margin -7.5% → -5623.9%). Calculated
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Equity eroded
Book equity 1 954 NOK → -457.5k NOK (equity ratio 0.4% → -15840.3%). Calculated
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Cash fell
Bank deposits 458.4k NOK → 2 888 NOK (-99.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -15840.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation