365 ECONOMY AS: årsregnskap 2018 vs 2017
Shrank 63% on revenue, weaker earnings, cash halved-plus
approved 2019-05-30; registry 2019-06-19; journal 2019 463755
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 365 ECONOMY AS. Revenue 161.9k NOK → 60.0k NOK (-62.9%). Net result +137.1k NOK → +57.7k NOK. Equity 209.9k NOK → 267.6k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity 209.9k NOK → 267.6k NOK (equity ratio 2679.8% → 79.4%). Calculated
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↑
Current ratio back above 1×
Current ratio -0.01× → 4.82×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 161.9k NOK to 60.0k NOK (-62.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +136.8k NOK → +57.7k NOK (op. margin 84.5% → 96.2%). Calculated
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↓
Net result weakened
Net result +137.1k NOK → +57.7k NOK (net margin 84.7% → 96.2%). Calculated
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↓
Cash fell
Bank deposits 2 649 NOK → 649 NOK (-75.5% YoY). Calculated