7OCEAN HOLDING AS: årsregnskap 2018 vs 2017
Shrank 72% on revenue, cash halved-plus
approved 2019-05-28; registry 2019-06-18; journal 2019 441522
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 7OCEAN HOLDING AS. Revenue 188.5k NOK → 53.0k NOK (-71.9%). Equity 254.4k NOK → 12.9k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
Revenue
188.5k NOK
53.0k NOK
-71.9%
Operating result
n/m
-81.4k NOK
—
Net result
n/m
-81.5k NOK
—
Equity
254.4k NOK
12.9k NOK
-94.9%
Cash
210.9k NOK
8 096 NOK
-96.2%
Total assets
362.7k NOK
117.0k NOK
-67.7%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 188.5k NOK to 53.0k NOK (-71.9% YoY). Calculated
-
↓
Equity eroded
Book equity 254.4k NOK → 12.9k NOK (equity ratio 70.2% → 11.0%). Calculated
-
↓
Cash fell
Bank deposits 210.9k NOK → 8 096 NOK (-96.2% YoY). Calculated