7OCEAN HOLDING AS: årsregnskap 2015 vs 2014
Shrank 62% on revenue, returned to profit, cash halved-plus
approved 2016-06-30; registry 2016-07-18; journal 2016 706676
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 7OCEAN HOLDING AS. Revenue 652.8k NOK → 248.1k NOK (-62.0%). Net result -45.5k NOK → +6.12m NOK. Equity -8 846 NOK → 110.0k NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; cash fell.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -43.3k NOK → +92.8k NOK (op. margin -6.6% → 37.4%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 45.5k NOK to a profit of 6.12m NOK. Calculated
-
↑
Equity strengthened
Book equity -8 846 NOK → 110.0k NOK (equity ratio -5.7% → 51.2%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.95× → 1.74×. Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 652.8k NOK to 248.1k NOK (-62.0% YoY). Calculated
-
↓
Cash fell
Bank deposits 109.1k NOK → 13.1k NOK (-88.0% YoY). Calculated