7OCEAN HOLDING AS: årsregnskap 2023 vs 2022
Shrank 94% on revenue, weaker earnings
approved 2024-03-12; registry 2024-03-16; journal 2024 327568
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 7OCEAN HOLDING AS. Revenue 458.2k NOK → 28.9k NOK (-93.7%). Net result +410.6k NOK → +6 996 NOK. Equity 1.55m NOK → 4.58m NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
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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Operating result improved
Operating result -9 338 NOK → +6 578 NOK (op. margin -2.0% → 22.7%). Calculated
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↑
Equity strengthened
Book equity 1.55m NOK → 4.58m NOK (equity ratio 69.9% → 236.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 458.2k NOK to 28.9k NOK (-93.7% YoY). Calculated
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↓
Net result weakened
Net result +410.6k NOK → +6 996 NOK (net margin 89.6% → 24.2%). Calculated
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↓
Cash fell
Bank deposits 71.5k NOK → 38.1k NOK (-46.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 8.01× → 0.63× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.61m NOK → 1.40m NOK. Reported fact