ADVENTURE NORWAY AS: årsregnskap 2021 vs 2020
Grew 65% on revenue, stronger earnings, cash halved-plus
approved 2022-05-25; registry 2022-06-01; journal 2022 381977
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVENTURE NORWAY AS. Revenue 1.82m NOK → 3.01m NOK (+65.3%). Net result +359.4k NOK → +525.8k NOK. Equity 995.1k NOK → 520.9k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: cogs moved; headcount (årsverk) changed. All figures are taken from the published annual accounts for ADVENTURE NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.82m NOK to 3.01m NOK (+65.3% YoY). Calculated
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Operating result improved
Operating result +462.6k NOK → +696.5k NOK (op. margin 25.4% → 23.1%). Calculated
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Net result improved
Net result +359.4k NOK → +525.8k NOK (net margin 19.7% → 17.4%). Calculated
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Payroll decreased
Salary cost 643.1k NOK → 7 NOK (35% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 995.1k NOK → 520.9k NOK (equity ratio 68.8% → 16.1%). Calculated
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↓
Cash fell
Bank deposits 161.8k NOK → 47.0k NOK (-71.0% YoY). Calculated
Things to notice
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·
COGS moved
COGS / varekostnad 74.4k NOK → 274.8k NOK (+269.2% YoY). Calculated
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·
Headcount (årsverk) changed
Reported FTEs 1 → 2. Reported fact