ADVENTURE GROUP AS: årsregnskap 2020 vs 2019
Grew 236% on revenue, returned to profit
approved 2021-07-13; registry 2021-08-17; journal 2021 626364
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVENTURE GROUP AS. Revenue 248.9k NOK → 836.5k NOK (+236.0%). Net result -1.56m NOK → +95.5k NOK. Equity 584.3k NOK → 12 NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; payroll increased. All figures are taken from the published annual accounts for ADVENTURE GROUP AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 248.9k NOK to 836.5k NOK (+236.0% YoY). Calculated
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Operating result improved
Operating result -1.55m NOK → +96.5k NOK (op. margin -623.5% → 11.5%). Calculated
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Turned profitable
Net result flipped from a loss of 1.56m NOK to a profit of 95.5k NOK. Calculated
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Cash rose
Bank deposits 422.4k NOK → 464.5k NOK (+10.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 584.3k NOK → 12 NOK (equity ratio 67.0% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 2.63m NOK → 184.6k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 1 NOK → 3847.02bn NOK (0% → 459904255% of revenue). Calculated
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COGS moved
COGS / varekostnad 41.6k NOK → 97.8k NOK (+135.0% YoY). Calculated