Org.nr 991 711 392 2018 → 2019 Year-over-year analysis

4SUBSEA AS: årsregnskap 2019 vs 2018

Grew 31% on revenue, fresh owner capital

approved 2020-08-28; registry 2020-09-21; journal 2020 844112

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 4SUBSEA AS. Revenue 112.53m NOK → 147.04m NOK (+30.7%). Equity 37.48m NOK → 53.19m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose.

Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for 4SUBSEA AS.

At a glance

Revenue

112.53m NOK 147.04m NOK

+30.7%

Operating result

n/m +6.87m NOK

—

Net result

n/m +9.84m NOK

—

Equity

37.48m NOK 53.19m NOK

+41.9%

Cash

12.03m NOK 13.34m NOK

+10.9%

Total assets

71.52m NOK 110.83m NOK

+55.0%

↑
Revenue rose

Operating income / revenue moved from 112.53m NOK to 147.04m NOK (+30.7% YoY). Calculated
↑
Equity strengthened

Book equity 37.48m NOK → 53.19m NOK (equity ratio 52.4% → 48.0%). Calculated
↑
Cash rose

Bank deposits 12.03m NOK → 13.34m NOK (+10.9% YoY). Calculated
↑
Owners injected capital

Paid-in equity rose 9.48m NOK → 15.47m NOK (+5.99m NOK). Reported fact

·
COGS moved

COGS / varekostnad 28.21m NOK → 35.03m NOK (+24.2% YoY). Calculated
·
Book investments changed

Investment / intangible book value 726.3k NOK → 28.3k NOK. Reported fact