7OCEAN HOLDING AS: årsregnskap 2022 vs 2021
Shrank 51% on revenue, weaker earnings, cash halved-plus
approved 2023-07-31; registry 2023-08-15; journal 2023 688029
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for 7OCEAN HOLDING AS. Revenue 929.0k NOK → 458.2k NOK (-50.7%). Net result +1.85m NOK → +410.6k NOK. Equity 4.63m NOK → 1.55m NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 7OCEAN HOLDING AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.04× → 8.01×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 929.0k NOK to 458.2k NOK (-50.7% YoY). Calculated
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↓
Operating result weakened
Operating result +173.4k NOK → -9 338 NOK (op. margin 18.7% → -2.0%). Calculated
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↓
Net result weakened
Net result +1.85m NOK → +410.6k NOK (net margin 199.0% → 89.6%). Calculated
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↓
Equity eroded
Book equity 4.63m NOK → 1.55m NOK (equity ratio 151.5% → 69.9%). Calculated
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↓
Cash fell
Bank deposits 159.3k NOK → 71.5k NOK (-55.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.97m NOK → 1.61m NOK. Reported fact