ADVENTURE PHOTO AS: årsregnskap 2020 vs 2019
Grew 114% on revenue, cash halved-plus
approved 2021-01-27; registry 2021-01-30; journal 2021 110831
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVENTURE PHOTO AS. Revenue 826.6k NOK → 1.77m NOK (+114.0%). Equity 161.6k NOK → 203.5k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
Revenue
826.6k NOK
1.77m NOK
+114.0%
Operating result
n/m
+143.7k NOK
—
Net result
n/m
+3 NOK
—
Equity
161.6k NOK
203.5k NOK
+25.9%
Cash
61.4k NOK
25.6k NOK
-58.3%
Total assets
363.7k NOK
348.1k NOK
-4.3%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 826.6k NOK to 1.77m NOK (+114.0% YoY). Calculated
-
↑
Equity strengthened
Book equity 161.6k NOK → 203.5k NOK (equity ratio 44.4% → 58.5%). Calculated
-
↑
Payroll decreased
Salary cost 216.5k NOK → 98.0k NOK (26% → 6% of revenue). Calculated
What deteriorated
-
↓
Cash fell
Bank deposits 61.4k NOK → 25.6k NOK (-58.3% YoY). Calculated