365 ECONOMY AS: årsregnskap 2021 vs 2020
Shrank 59% on revenue, weaker earnings, cash halved-plus
approved 2022-06-30; registry 2022-08-06; journal 2022 882441
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 365 ECONOMY AS. Revenue 59.1k NOK → 24.1k NOK (-59.1%). Net result -265.4k NOK → -335.1k NOK. Equity 25.1k NOK → -310.0k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 365 ECONOMY AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 59.1k NOK to 24.1k NOK (-59.1% YoY). Calculated
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Operating result weakened
Operating result -265.4k NOK → -335.0k NOK (op. margin -449.0% → -1387.2%). Calculated
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Net result weakened
Net result -265.4k NOK → -335.1k NOK (net margin -449.0% → -1387.8%). Calculated
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Equity eroded
Book equity 25.1k NOK → -310.0k NOK (equity ratio 27.7% → -1008.7%). Calculated
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Cash fell
Bank deposits 16.7k NOK → 546 NOK (-96.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -1008.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation