4 SEAS AS: årsregnskap 2018 vs 2017
Shrank 39% on revenue, returned to profit, cash halved-plus
approved 2019-05-31; registry 2019-06-20; journal 2019 484137
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 4 SEAS AS. Revenue 111.2k NOK → 68.3k NOK (-38.6%). Net result -340.9k NOK → +35.4k NOK. Equity -125.8k NOK → 700.1k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -68.8k NOK → -25.0k NOK (op. margin -61.9% → -36.7%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 340.9k NOK to a profit of 35.4k NOK. Calculated
-
↑
Equity strengthened
Book equity -125.8k NOK → 700.1k NOK (equity ratio -1.4% → 6.8%). Calculated
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↑
Owners injected capital
Paid-in equity rose 1.00m NOK → 1.86m NOK (+861.3k NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 111.2k NOK to 68.3k NOK (-38.6% YoY). Calculated
-
↓
Cash fell
Bank deposits 175.1k NOK → 51.6k NOK (-70.5% YoY). Calculated