ADVENTURES BARCELONA AS: årsregnskap 2017 vs 2016
Shrank 44% on revenue, stronger earnings, cash halved-plus
approved 2018-06-30; registry 2018-07-03; journal 2018 642089
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVENTURES BARCELONA AS. Revenue 3.85m NOK → 2.17m NOK (-43.7%). Net result +12.1k NOK → +35.6k NOK. Equity -69.3k NOK → -33.6k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ADVENTURES BARCELONA AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -9 943 NOK → +38.4k NOK (op. margin -0.3% → 1.8%). Calculated
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Net result improved
Net result +12.1k NOK → +35.6k NOK (net margin 0.3% → 1.6%). Calculated
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Equity strengthened
Book equity -69.3k NOK → -33.6k NOK (equity ratio -10.0% → -11.8%). Calculated
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Owners injected capital
Paid-in equity rose 30.0k NOK → 77.8k NOK (+47.8k NOK). Reported fact
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Payroll decreased
Salary cost 828.5k NOK → 453.9k NOK (22% → 21% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.85m NOK to 2.17m NOK (-43.7% YoY). Calculated
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Cash fell
Bank deposits 392.3k NOK → 156.3k NOK (-60.2% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -11.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 2.52m NOK → 1.37m NOK (-45.5% YoY). Calculated