67NORTH AS: årsregnskap 2019 vs 2018
Returned to profit
approved 2020-08-31; registry 2020-09-09; journal 2020 778498
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 67NORTH AS. Net result -106.3k NOK → +19.0k NOK. Equity -205.1k NOK → -241.3k NOK.
On the constructive side: turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 67NORTH AS.
At a glance
Scorecard
Operating result
n/m
-15.0k NOK
—
Net result
-106.3k NOK
+19.0k NOK
+117.8%
Equity
-205.1k NOK
-241.3k NOK
-17.7%
Cash
77 NOK
77 NOK
0.0%
Total assets
104.0k NOK
47.8k NOK
-54.0%
What improved
-
↑
Turned profitable
Net result flipped from a loss of 106.3k NOK to a profit of 19.0k NOK. Calculated
What deteriorated
-
↓
Equity eroded
Book equity -205.1k NOK → -241.3k NOK (equity ratio -197.2% → -505.0%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -505.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation