Org.nr 987 404 876 2017 → 2018 Year-over-year analysis

79 DEGREES SOUTH AS: årsregnskap 2018 vs 2017

Shrank 73% on revenue, cash halved-plus

approved 2019-03-12; registry 2019-06-19; journal 2019 474377

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 79 DEGREES SOUTH AS. Revenue 2.35m NOK → 632.8k NOK (-73.1%). Equity 7.55m NOK → -4 993 NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for 79 DEGREES SOUTH AS.

At a glance

Revenue

2.35m NOK 632.8k NOK

-73.1%

Operating result

+189.5k NOK n/m

—

Net result

+891.5k NOK n/m

—

Equity

7.55m NOK -4 993 NOK

-100.1%

Cash

785.4k NOK 116.8k NOK

-85.1%

Total assets

357.1k NOK 556.8k NOK

+55.9%

↑
Payroll decreased

Salary cost 4.78m NOK → 995.1k NOK (203% → 157% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.35m NOK to 632.8k NOK (-73.1% YoY). Calculated
↓
Equity eroded

Book equity 7.55m NOK → -4 993 NOK (equity ratio 2113.2% → -0.9%). Calculated
↓
Cash fell

Bank deposits 785.4k NOK → 116.8k NOK (-85.1% YoY). Calculated

·
Thin equity buffer

Equity ratio is -0.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Book investments changed

Investment / intangible book value 50.0k NOK → 51.0k NOK. Reported fact