ADVENTURE SENJA AS: årsregnskap 2021 vs 2020
Shrank 13% on revenue, returned to profit
approved 2022-07-04; registry 2022-07-07; journal 2022 645690
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for ADVENTURE SENJA AS. Revenue 800.7k NOK → 700.0k NOK (-12.6%). Net result -147.5k NOK → +109.4k NOK. Equity 495.7k NOK → 605.2k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×; payroll up without matching revenue.
Also worth watching: 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 -54.8k NOK → +291.0k NOK (op. margin -6.8% → 41.6%). Calculated
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Turned profitable
Net result flipped from a loss of 147.5k NOK to a profit of 109.4k NOK. Calculated
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Equity strengthened
Book equity 495.7k NOK → 605.2k NOK (equity ratio 16.0% → 16.2%). Calculated
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Cash rose
Bank deposits 523.1k NOK → 880.7k NOK (+68.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 800.7k NOK to 700.0k NOK (-12.6% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 3.09× → 0.65× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 92.5k NOK → 2.27m NOK (12% → 324% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 140.8k NOK → 61.0k NOK (-56.7% YoY). Calculated