ADVENTURE PHOTO AS: årsregnskap 2021 vs 2020
Shrank 47% on revenue, stronger earnings
registry 2022-05-12; journal 2022 282755
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVENTURE PHOTO AS. Revenue 1.77m NOK → 943.7k NOK (-46.7%). Net result +3 NOK → +78.8k NOK. Equity 203.5k NOK → 282.3k NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; payroll up without matching revenue.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
What improved
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Net result improved
Net result +3 NOK → +78.8k NOK (net margin 0.0% → 8.4%). Calculated
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Equity strengthened
Book equity 203.5k NOK → 282.3k NOK (equity ratio 58.5% → 58.1%). Calculated
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Cash rose
Bank deposits 25.6k NOK → 72.4k NOK (+182.6% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.97× → 1.75×. Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 1.77m NOK to 943.7k NOK (-46.7% YoY). Calculated
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Operating result weakened
Operating result +143.7k NOK → +101.1k NOK (op. margin 8.1% → 10.7%). Calculated
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Payroll up without matching revenue
Salary cost 98.0k NOK → 2.12m NOK (6% → 225% of revenue). Calculated
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COGS moved
COGS / varekostnad 1 877 NOK → 25.2k NOK (+1242.8% YoY). Calculated