ADVENTURE THOR AS: årsregnskap 2020 vs 2019
Grew 13885% on revenue, stronger earnings
approved 2021-09-21; registry 2021-09-28; journal 2021 823728
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVENTURE THOR AS. Revenue 270 NOK → 37.8k NOK (+13885.2%). Net result -25.4k NOK → -1 919 NOK. Equity 19.7k NOK → 17.8k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for ADVENTURE THOR AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 270 NOK to 37.8k NOK (+13885.2% YoY). Calculated
-
↑
Operating result improved
Operating result -25.5k NOK → -1 824 NOK (op. margin -9440.4% → -4.8%). Calculated
-
↑
Net result improved
Net result -25.4k NOK → -1 919 NOK (net margin -9398.9% → -5.1%). Calculated
-
↑
Cash rose
Bank deposits 14.5k NOK → 16.4k NOK (+12.7% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio -2.82× → 6.22×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 19.7k NOK → 17.8k NOK (equity ratio 135.4% → 83.9%). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 19.7k NOK → 17.8k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS moved
COGS / varekostnad 0 NOK → 11.2k NOK (None YoY). Calculated