360WORLD AS: årsregnskap 2020 vs 2019
Another loss-making year
approved 2021-08-31; registry 2021-09-20; journal 2021 775871
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 360WORLD AS. Net result -7 233 NOK → -6 520 NOK. Equity -138.3k NOK → -144.8k 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
-7 250 NOK
-6 525 NOK
+10.0%
Net result
-7 233 NOK
-6 520 NOK
+9.9%
Equity
-138.3k NOK
-144.8k NOK
-4.7%
Cash
25.1k NOK
18.6k NOK
-26.0%
Total assets
25.1k NOK
18.6k NOK
-26.0%
What improved
-
↑
Operating result improved
Operating result -7 250 NOK → -6 525 NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity -138.3k NOK → -144.8k NOK (equity ratio -550.4% → -778.4%). Calculated
-
↓
Cash fell
Bank deposits 25.1k NOK → 18.6k NOK (-26.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -778.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation