ADVENTURE SENJA AS: årsregnskap 2019 vs 2018
Shrank 21% on revenue, stronger earnings
approved 2020-07-05; registry 2020-07-18; journal 2020 606385
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVENTURE SENJA AS. Revenue 1.72m NOK → 1.37m NOK (-20.7%). Net result +89.8k NOK → +153.1k NOK. Equity 90.1k NOK → 643.2k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ADVENTURE SENJA AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +4 487 NOK → +333.8k NOK (op. margin 0.3% → 24.4%). Calculated
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Net result improved
Net result +89.8k NOK → +153.1k NOK (net margin 5.2% → 11.2%). Calculated
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Equity strengthened
Book equity 90.1k NOK → 643.2k NOK (equity ratio 3.0% → 18.9%). Calculated
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Cash rose
Bank deposits 224.6k NOK → 632.0k NOK (+181.4% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.93× → 3.03×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.72m NOK to 1.37m NOK (-20.7% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 838.0k NOK → 238.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 67.5k NOK → 48.3k NOK (-28.4% YoY). Calculated