7OCEAN AS: årsregnskap 2019 vs 2018
Grew 49% on revenue
approved 2020-05-22; registry 2020-08-05; journal 2020 652887
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 7OCEAN AS. Revenue 16.89m NOK → 25.25m NOK (+49.5%). Equity 1.24m NOK → 3.72m NOK.
On the constructive side: revenue rose; equity strengthened; cash rose.
Also worth watching: payroll increased. All figures are taken from the published annual accounts for 7OCEAN AS.
At a glance
Scorecard
Revenue
16.89m NOK
25.25m NOK
+49.5%
Operating result
n/m
+4.14m NOK
—
Net result
n/m
+3.45m NOK
—
Equity
1.24m NOK
3.72m NOK
+199.0%
Cash
1.86m NOK
2.48m NOK
+33.4%
Total assets
5.86m NOK
11.07m NOK
+89.0%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 16.89m NOK to 25.25m NOK (+49.5% YoY). Calculated
-
↑
Equity strengthened
Book equity 1.24m NOK → 3.72m NOK (equity ratio 21.2% → 33.6%). Calculated
-
↑
Cash rose
Bank deposits 1.86m NOK → 2.48m NOK (+33.4% YoY). Calculated
Things to notice
-
·
Payroll increased
Salary cost 14.07m NOK → 19.46m NOK (83% → 77% of revenue). Calculated