FirmaIQ
Org.nr 999 530 095 2018 → 2019 Year-over-year analysis

7OCEAN HOLDING AS: årsregnskap 2019 vs 2018

Grew 1447% on revenue, stronger earnings, fresh owner capital

approved 2020-06-20; registry 2020-07-09; journal 2020 559169

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for 7OCEAN HOLDING AS. Revenue 53.0k NOK → 820.0k NOK (+1447.1%). Net result -81.5k NOK → -4 256 NOK. Equity 12.9k NOK → 93.7k NOK.

On the constructive side: revenue rose; operating result improved; net result improved.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for 7OCEAN HOLDING AS.

At a glance

Scorecard

Revenue
53.0k NOK 820.0k NOK
+1447.1%
Operating result
-81.4k NOK -28.3k NOK
+65.3%
Net result
-81.5k NOK -4 256 NOK
+94.8%
Equity
12.9k NOK 93.7k NOK
+626.2%
Cash
8 096 NOK 109.5k NOK
+1252.6%
Total assets
117.0k NOK 506.9k NOK
+333.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 53.0k NOK to 820.0k NOK (+1447.1% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -81.4k NOK → -28.3k NOK (op. margin -153.7% → -3.4%). Calculated

  • ↑

    Net result improved

    Net result -81.5k NOK → -4 256 NOK (net margin -153.8% → -0.5%). Calculated

  • ↑

    Equity strengthened

    Book equity 12.9k NOK → 93.7k NOK (equity ratio 11.0% → 18.5%). Calculated

  • ↑

    Cash rose

    Bank deposits 8 096 NOK → 109.5k NOK (+1252.6% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 30.0k NOK → 150.0k NOK. Reported fact