10MILESNORTH AS: årsregnskap 2019 vs 2018
Weaker earnings
approved 2019-12-31; registry 2020-09-26; journal 2020 860351
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 10MILESNORTH AS. Net result -532.9k NOK → -670.5k NOK. Equity -541.3k NOK → -1.21m NOK.
On the constructive side: cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 10MILESNORTH AS.
At a glance
Scorecard
Revenue
n/m
107.3k NOK
—
Operating result
n/m
-667.3k NOK
—
Net result
-532.9k NOK
-670.5k NOK
-25.8%
Equity
-541.3k NOK
-1.21m NOK
-123.9%
Cash
3 430 NOK
52.3k NOK
+1424.1%
Total assets
3.56m NOK
3.32m NOK
-6.8%
What improved
-
↑
Cash rose
Bank deposits 3 430 NOK → 52.3k NOK (+1424.1% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result -532.9k NOK → -670.5k NOK. Calculated
-
↓
Equity eroded
Book equity -541.3k NOK → -1.21m NOK (equity ratio -15.2% → -36.6%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -36.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation