FirmaIQ
Org.nr 996 261 824 2020 → 2021 Year-over-year analysis

7OCEAN AS: årsregnskap 2021 vs 2020

Grew 50% on revenue, stronger earnings

approved 2022-04-04; registry 2022-05-07; journal 2022 213977

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for 7OCEAN AS. Revenue 18.72m NOK → 28.09m NOK (+50.1%). Net result +19.4k NOK → +3.50m NOK. Equity 8.24m NOK → 1.24m NOK.

On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.

Also worth watching: payroll increased. All figures are taken from the published annual accounts for 7OCEAN AS.

At a glance

Scorecard

Revenue
18.72m NOK 28.09m NOK
+50.1%
Operating result
+87.9k NOK +4.51m NOK
+5038.0%
Net result
+19.4k NOK +3.50m NOK
+17940.7%
Equity
8.24m NOK 1.24m NOK
-84.9%
Cash
2.70m NOK 5.77m NOK
+113.3%
Total assets
5.27m NOK 12.16m NOK
+130.6%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 18.72m NOK to 28.09m NOK (+50.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +87.9k NOK → +4.51m NOK (op. margin 0.5% → 16.1%). Calculated

  • ↑

    Net result improved

    Net result +19.4k NOK → +3.50m NOK (net margin 0.1% → 12.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 2.70m NOK → 5.77m NOK (+113.3% YoY). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 8.24m NOK → 1.24m NOK (equity ratio 156.2% → 10.2%). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 16.38m NOK → 21.06m NOK (88% → 75% of revenue). Calculated