360 VEST AS: årsregnskap 2018 vs 2017
Shrank 82% on revenue, weaker earnings
approved 2019-06-11; registry 2019-06-22; journal 2019 504223
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 360 VEST AS. Revenue 932.3k NOK → 169.9k NOK (-81.8%). Net result +250.3k NOK → +66.2k NOK. Equity 187.0k NOK → 33.2k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 360 VEST AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.00× → 1083.85×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 932.3k NOK to 169.9k NOK (-81.8% YoY). Calculated
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↓
Operating result weakened
Operating result +329.5k NOK → +86.0k NOK (op. margin 35.3% → 50.6%). Calculated
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↓
Net result weakened
Net result +250.3k NOK → +66.2k NOK (net margin 26.8% → 39.0%). Calculated
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↓
Equity eroded
Book equity 187.0k NOK → 33.2k NOK (equity ratio 29771.3% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 209.6k NOK → 163.5k NOK (-22.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 498.3k NOK → 476.3k NOK (-4.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 15.0k NOK → 26.0k NOK. Reported fact