79 DEGREES SOUTH AS: årsregnskap 2019 vs 2018
Shrank 23% on revenue, cash halved-plus
approved 2020-02-22; registry 2020-08-15; journal 2020 674130
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 79 DEGREES SOUTH AS. Revenue 632.8k NOK → 487.6k NOK (-23.0%). Equity -4 993 NOK → 195.2k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell.
Mixed year — gains and pressures both show up.
At a glance
Scorecard
Revenue
632.8k NOK
487.6k NOK
-23.0%
Operating result
n/m
+263.3k NOK
—
Net result
n/m
+198.8k NOK
—
Equity
-4 993 NOK
195.2k NOK
+4009.7%
Cash
116.8k NOK
14.7k NOK
-87.4%
Total assets
556.8k NOK
396.9k NOK
-28.7%
What improved
-
↑
Equity strengthened
Book equity -4 993 NOK → 195.2k NOK (equity ratio -0.9% → 49.2%). Calculated
-
↑
Payroll decreased
Salary cost 995.1k NOK → 3 995 NOK (157% → 1% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 632.8k NOK to 487.6k NOK (-23.0% YoY). Calculated
-
↓
Cash fell
Bank deposits 116.8k NOK → 14.7k NOK (-87.4% YoY). Calculated