ADVENTURE INVEST AS: årsregnskap 2009 vs 2008
Shrank 58% on revenue
approved 2010-05-07; registry 2010-10-26; journal 2010 780685
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVENTURE INVEST AS. Revenue 718 NOK → 299 NOK (-58.4%). Equity 554.0k NOK → -504.0k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ADVENTURE INVEST AS.
At a glance
Scorecard
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 718 NOK to 299 NOK (-58.4% YoY). Calculated
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↓
Operating result weakened
Operating result +296.0k NOK → -10.0k NOK (op. margin 41220.3% → -3347.5%). Calculated
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↓
Equity eroded
Book equity 554.0k NOK → -504.0k NOK (equity ratio 137.3% → -70.6%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -70.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 399.7k NOK → 299.7k NOK. Reported fact