7OCEAN AS: årsregnskap 2017 vs 2016
Grew 99% on revenue, fresh owner capital
approved 2018-06-24; registry 2018-07-11; journal 2018 668857
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 7OCEAN AS. Revenue 7.20m NOK → 14.37m NOK (+99.5%). Equity 203.0k NOK → 13 NOK.
On the constructive side: revenue rose; owners injected capital; payroll decreased. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for 7OCEAN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.20m NOK to 14.37m NOK (+99.5% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 100.0k NOK → 660.6k NOK (+560.6k NOK). Reported fact
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↑
Payroll decreased
Salary cost 4.65m NOK → 1 NOK (65% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 203.0k NOK → 13 NOK (equity ratio 7.6% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 709.5k NOK → 414.3k NOK (-41.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 1.98m NOK → 2.02m NOK (+2.2% YoY). Calculated