360WORLD AS: årsregnskap 2014 vs 2013
Grew 33% on revenue, stronger earnings
approved 2015-08-19; registry 2015-08-31; journal 2015 768842
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 360WORLD AS. Revenue 162.0k NOK → 215.6k NOK (+33.1%). Net result -78.0k NOK → -26.9k NOK. Equity -55.5k NOK → -82.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 360WORLD AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 162.0k NOK to 215.6k NOK (+33.1% YoY). Calculated
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Operating result improved
Operating result -78.1k NOK → -26.0k NOK (op. margin -48.2% → -12.1%). Calculated
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Net result improved
Net result -78.0k NOK → -26.9k NOK (net margin -48.2% → -12.5%). Calculated
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Cash rose
Bank deposits 92.4k NOK → 165.8k NOK (+79.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -55.5k NOK → -82.5k NOK (equity ratio -20.7% → -35.9%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -35.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation