ADVENTURES BARCELONA AS: årsregnskap 2020 vs 2019
Shrank 100% on revenue, weaker earnings, cash halved-plus
registry 2021-08-26; journal 2021 680645
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for ADVENTURES BARCELONA AS. Revenue 1.77m NOK → 0 NOK (-100.0%). Net result -2 599 NOK → -146.2k NOK. Equity -2 886 NOK → -149.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
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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↑
Payroll decreased
Salary cost 298.0k NOK → 15.3k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.77m NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Operating result weakened
Operating result -2 016 NOK → -149.8k NOK. Calculated
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↓
Net result weakened
Net result -2 599 NOK → -146.2k NOK. Calculated
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↓
Equity eroded
Book equity -2 886 NOK → -149.1k NOK (equity ratio -2.4% → -573.9%). Calculated
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↓
Cash fell
Bank deposits 123.6k NOK → 26.0k NOK (-79.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -573.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 234.3k NOK → 46.3k NOK (-80.2% YoY). Calculated