360 VEST AS: årsregnskap 2019 vs 2018
Grew 473% on revenue, weaker earnings, cash halved-plus
approved 2020-04-26; registry 2020-04-29; journal 2020 318515
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 360 VEST AS. Revenue 169.9k NOK → 973.9k NOK (+473.2%). Net result +66.2k NOK → +50.4k NOK. Equity 33.2k NOK → 30.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 360 VEST AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 169.9k NOK to 973.9k NOK (+473.2% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +86.0k NOK → +64.9k NOK (op. margin 50.6% → 6.7%). Calculated
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↓
Net result weakened
Net result +66.2k NOK → +50.4k NOK (net margin 39.0% → 5.2%). Calculated
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↓
Equity eroded
Book equity 33.2k NOK → 30.1k NOK (equity ratio 0.0% → 13.8%). Calculated
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↓
Cash fell
Bank deposits 163.5k NOK → 742 NOK (-99.5% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 476.3k NOK → 329.6k NOK (-30.8% YoY). Calculated