ADVENTURE THOR AS: årsregnskap 2019 vs 2018
Shrank 100% on revenue, cash halved-plus
approved 2020-04-27; registry 2020-05-07; journal 2020 341387
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVENTURE THOR AS. Revenue 270.0k NOK → 270 NOK (-99.9%). Net result -16.1k NOK → -25.4k NOK. Equity 45.1k NOK → 19.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for ADVENTURE THOR AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 264.3k NOK → 264 NOK (98% → 98% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 270.0k NOK to 270 NOK (-99.9% YoY). Calculated
-
↓
Net result weakened
Net result -16.1k NOK → -25.4k NOK (net margin -6.0% → -9398.9%). Calculated
-
↓
Equity eroded
Book equity 45.1k NOK → 19.7k NOK (equity ratio 39.4% → 135.4%). Calculated
-
↓
Cash fell
Bank deposits 114.2k NOK → 14.5k NOK (-87.3% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.65× → -2.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 45.1k NOK → 19.7k NOK — check capital reduction, conversion, or reclassification. Interpretation