360WORLD AS: årsregnskap 2019 vs 2018
Another loss-making year
approved 2020-08-31; registry 2020-09-28; journal 2020 878299
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 360WORLD AS. Net result -7 630 NOK → -7 233 NOK. Equity -131.1k NOK → -138.3k NOK.
On the constructive side: operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 360WORLD AS.
At a glance
Scorecard
Operating result
-7 635 NOK
-7 250 NOK
+5.0%
Net result
-7 630 NOK
-7 233 NOK
+5.2%
Equity
-131.1k NOK
-138.3k NOK
-5.5%
Cash
32.4k NOK
25.1k NOK
-22.4%
Total assets
32.4k NOK
25.1k NOK
-22.4%
What improved
-
↑
Operating result improved
Operating result -7 635 NOK → -7 250 NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity -131.1k NOK → -138.3k NOK (equity ratio -405.0% → -550.4%). Calculated
-
↓
Cash fell
Bank deposits 32.4k NOK → 25.1k NOK (-22.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -550.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation