Org.nr 992 568 844 2019 → 2020 Year-over-year analysis

ADVENTURE INVEST AS: årsregnskap 2020 vs 2019

Returned to profit, cash halved-plus

approved 2021-03-19; registry 2021-03-24; journal 2021 166917

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVENTURE INVEST AS. Net result -6 539 NOK → +919.1k NOK. Equity 9.98m NOK → 10.67m NOK.

On the constructive side: turned profitable; equity strengthened. Pressures included: cash fell.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for ADVENTURE INVEST AS.

At a glance

Operating result

n/m -12.2k NOK

—

Net result

-6 539 NOK +919.1k NOK

+14155.0%

Equity

9.98m NOK 10.67m NOK

+7.0%

Cash

10.13m NOK 869.7k NOK

-91.4%

Total assets

10.13m NOK 10.80m NOK

+6.6%

↑
Turned profitable

Net result flipped from a loss of 6 539 NOK to a profit of 919.1k NOK. Calculated
↑
Equity strengthened

Book equity 9.98m NOK → 10.67m NOK (equity ratio 98.6% → 98.9%). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (10.13m NOK → 869.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation