360WORLD AS: årsregnskap 2021 vs 2020
Another loss-making year
approved 2022-06-30; registry 2022-08-01; journal 2022 833581
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 360WORLD AS. Net result -6 520 NOK → -5 930 NOK. Equity -144.8k NOK → -150.7k 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
-6 525 NOK
-5 930 NOK
+9.1%
Net result
-6 520 NOK
-5 930 NOK
+9.0%
Equity
-144.8k NOK
-150.7k NOK
-4.1%
Cash
18.6k NOK
12.7k NOK
-31.9%
Total assets
18.6k NOK
12.7k NOK
-31.9%
What improved
-
↑
Operating result improved
Operating result -6 525 NOK → -5 930 NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity -144.8k NOK → -150.7k NOK (equity ratio -778.4% → -1189.3%). Calculated
-
↓
Cash fell
Bank deposits 18.6k NOK → 12.7k NOK (-31.9% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -1189.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation