7 SEAS TECHNOLOGY AS: årsregnskap 2017 vs 2016
Shrank 70% on revenue, stronger earnings
approved 2018-06-27; registry 2018-07-24; journal 2018 768061
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 7 SEAS TECHNOLOGY AS. Revenue 554.6k NOK → 169.0k NOK (-69.5%). Net result +86.7k NOK → +306.7k NOK. Equity 181.8k NOK → 488.4k NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 7 SEAS TECHNOLOGY AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +115.6k NOK → +524.0k NOK (op. margin 20.8% → 310.1%). Calculated
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Net result improved
Net result +86.7k NOK → +306.7k NOK (net margin 15.6% → 181.5%). Calculated
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Equity strengthened
Book equity 181.8k NOK → 488.4k NOK (equity ratio 64.7% → 41426.5%). Calculated
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Cash rose
Bank deposits 44.7k NOK → 145.7k NOK (+225.9% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 554.6k NOK to 169.0k NOK (-69.5% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.55× → 0.29× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Book investments changed
Investment / intangible book value 127.2k NOK → 976.4k NOK. Reported fact