360WORLD AS: årsregnskap 2016 vs 2015
Slipped into loss, cash halved-plus
approved 2017-06-30; registry 2017-08-07; journal 2017 847064
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 360WORLD AS. Revenue 244.6k NOK → 244.6k NOK (0.0%). Net result +3.20m NOK → -252.7k NOK. Equity 30.0k NOK → -222.7k NOK.
Pressures included: operating result weakened; fell into a net loss; 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 deteriorated
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Operating result weakened
Operating result +228.8k NOK → -252.7k NOK (op. margin 93.6% → -103.3%). Calculated
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Fell into a net loss
Net result flipped from 3.20m NOK profit to a loss of 252.7k NOK. Calculated
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Equity eroded
Book equity 30.0k NOK → -222.7k NOK (equity ratio 9.4% → -342.4%). Calculated
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Cash fell
Bank deposits 11.9k NOK → 4 295 NOK (-63.8% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.10× → 0.23× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Thin equity buffer
Equity ratio is -342.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation