ADVENTURE INVEST AS: årsregnskap 2010 vs 2009
Mixed movements in the accounts
approved 2011-03-11; registry 2011-03-19; journal 2011 315116
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVENTURE INVEST AS. Equity -504.0k NOK → -544.0k NOK.
On the constructive side: operating result improved; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVENTURE INVEST AS.
At a glance
Scorecard
Revenue
299 NOK
n/m
—
Operating result
-10.0k NOK
+46.3k NOK
+562.1%
Equity
-504.0k NOK
-544.0k NOK
-7.9%
Total assets
713.5k NOK
714.7k NOK
+0.2%
What improved
-
↑
Operating result improved
Operating result -10.0k NOK → +46.3k NOK. Calculated
-
↑
Current ratio back above 1×
Current ratio 0.22× → 1.34×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity -504.0k NOK → -544.0k NOK (equity ratio -70.6% → -76.1%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -76.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation