360WORLD AS: årsregnskap 2018 vs 2017
Slipped into loss
approved 2019-06-30; registry 2019-08-05; journal 2019 865158
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 360WORLD AS. Net result +99.2k NOK → -7 630 NOK. Equity -123.4k NOK → -131.1k NOK.
On the constructive side: cash rose. 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 improved
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↑
Cash rose
Bank deposits 3 696 NOK → 32.4k NOK (+775.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +99.2k NOK → -7 635 NOK. Calculated
-
↓
Fell into a net loss
Net result flipped from 99.2k NOK profit to a loss of 7 630 NOK. Calculated
-
↓
Equity eroded
Book equity -123.4k NOK → -131.1k NOK (equity ratio -308.7% → -405.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -405.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation