360DESIGN AS: årsregnskap 2019 vs 2018
Grew 134% on revenue, returned to profit
approved 2020-09-03; registry 2020-09-19; journal 2020 830884
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 360DESIGN AS. Revenue 73.5k NOK → 171.8k NOK (+133.6%). Net result -107.5k NOK → +89.1k NOK. Equity 97.9k NOK → 6.19m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 73.5k NOK to 171.8k NOK (+133.6% YoY). Calculated
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Operating result improved
Operating result -150.1k NOK → +115.1k NOK (op. margin -204.1% → 67.0%). Calculated
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Turned profitable
Net result flipped from a loss of 107.5k NOK to a profit of 89.1k NOK. Calculated
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Equity strengthened
Book equity 97.9k NOK → 6.19m NOK (equity ratio 35.2% → 1976.2%). Calculated
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Payroll decreased
Salary cost 137.5k NOK → 2 137 NOK (187% → 1% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 155.1k NOK → 96.3k NOK (-37.9% YoY). Calculated