360DESIGN AS: årsregnskap 2018 vs 2017
Shrank 96% on revenue, slipped into loss, cash halved-plus
approved 2019-05-01; registry 2019-07-09; journal 2019 661418
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 360DESIGN AS. Revenue 1.64m NOK → 73.5k NOK (-95.5%). Net result +59.0k NOK → -107.5k NOK. Equity 205.3k NOK → 97.9k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 360DESIGN AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 331.5k NOK → 137.5k NOK (20% → 187% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.64m NOK to 73.5k NOK (-95.5% YoY). Calculated
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↓
Operating result weakened
Operating result +102.0k NOK → -150.1k NOK (op. margin 6.2% → -204.1%). Calculated
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↓
Fell into a net loss
Net result flipped from 59.0k NOK profit to a loss of 107.5k NOK. Calculated
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↓
Equity eroded
Book equity 205.3k NOK → 97.9k NOK (equity ratio 24.0% → 35.2%). Calculated
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↓
Cash fell
Bank deposits 579.4k NOK → 155.1k NOK (-73.2% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 929.4k NOK → -81.5k NOK (-108.8% YoY). Calculated