FirmaIQ
Org.nr 996 261 824 2019 → 2020 Year-over-year analysis

7OCEAN AS: årsregnskap 2020 vs 2019

Shrank 26% on revenue, weaker earnings

approved 2021-06-02; registry 2021-07-05; journal 2021 445630

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 7OCEAN AS. Revenue 25.25m NOK → 18.72m NOK (-25.8%). Net result +3.45m NOK → +19.4k NOK. Equity 3.72m NOK → 8.24m NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for 7OCEAN AS.

At a glance

Scorecard

Revenue
25.25m NOK 18.72m NOK
-25.8%
Operating result
+4.14m NOK +87.9k NOK
-97.9%
Net result
+3.45m NOK +19.4k NOK
-99.4%
Equity
3.72m NOK 8.24m NOK
+121.6%
Cash
2.48m NOK 2.70m NOK
+8.9%
Total assets
11.07m NOK 5.27m NOK
-52.4%

What improved

  • ↑

    Equity strengthened

    Book equity 3.72m NOK → 8.24m NOK (equity ratio 33.6% → 156.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.48m NOK → 2.70m NOK (+8.9% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 19.46m NOK → 16.38m NOK (77% → 88% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 25.25m NOK to 18.72m NOK (-25.8% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +4.14m NOK → +87.9k NOK (op. margin 16.4% → 0.5%). Calculated

  • ↓

    Net result weakened

    Net result +3.45m NOK → +19.4k NOK (net margin 13.7% → 0.1%). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 660.6k NOK → 160.6k NOK — check capital reduction, conversion, or reclassification. Interpretation