ADVENTURES BARCELONA AS: årsregnskap 2019 vs 2018
Grew 42% on revenue, slipped into loss
approved 2020-07-15; registry 2020-07-30; journal 2020 642844
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVENTURES BARCELONA AS. Revenue 1.25m NOK → 1.77m NOK (+42.0%). Net result +33.3k NOK → -2 599 NOK. Equity -287 NOK → -2 886 NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; 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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↑
Revenue rose
Operating income / revenue moved from 1.25m NOK to 1.77m NOK (+42.0% YoY). Calculated
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↑
Cash rose
Bank deposits 107.4k NOK → 123.6k NOK (+15.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +33.7k NOK → -2 016 NOK (op. margin 2.7% → -0.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 33.3k NOK profit to a loss of 2 599 NOK. Calculated
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↓
Equity eroded
Book equity -287 NOK → -2 886 NOK (equity ratio -0.1% → -2.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -2.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 112.4k NOK → 298.0k NOK (9% → 17% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 923.9k NOK → 234.3k NOK (-74.6% YoY). Calculated