7OCEAN HOLDING AS: årsregnskap 2014 vs 2013
Grew 189% on revenue, slipped into loss
approved 2015-08-26; registry 2015-09-17; journal 2015 845240
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for 7OCEAN HOLDING AS. Revenue 225.5k NOK → 652.8k NOK (+189.5%). Net result +5 132 NOK → -45.5k NOK. Equity 36.6k NOK → -8 846 NOK.
On the constructive side: revenue rose; cash rose; payroll decreased. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 7OCEAN HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 225.5k NOK to 652.8k NOK (+189.5% YoY). Calculated
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Cash rose
Bank deposits 78.7k NOK → 109.1k NOK (+38.6% YoY). Calculated
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Payroll decreased
Salary cost 220.3k NOK → 9 NOK (98% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +5 171 NOK → -43.3k NOK (op. margin 2.3% → -6.6%). Calculated
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↓
Fell into a net loss
Net result flipped from 5 132 NOK profit to a loss of 45.5k NOK. Calculated
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↓
Equity eroded
Book equity 36.6k NOK → -8 846 NOK (equity ratio 46.6% → -5.7%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.87× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -5.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation