7OCEANS AS: årsregnskap 2020 vs 2019
Grew 446% on revenue, weaker earnings
registry 2021-10-16; journal 2021 824352
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 7OCEANS AS. Revenue 29.4k NOK → 160.5k NOK (+446.3%). Net result +15.48m NOK → +162.7k NOK. Equity 19.59m NOK → 15.45m NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 7OCEANS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 29.4k NOK to 160.5k NOK (+446.3% YoY). Calculated
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↑
Cash rose
Bank deposits 11.2k NOK → 3.66m NOK (+32724.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -38.7k NOK → -215.4k NOK (op. margin -131.9% → -134.2%). Calculated
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↓
Net result weakened
Net result +15.48m NOK → +162.7k NOK (net margin 52705.4% → 101.4%). Calculated
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↓
Equity eroded
Book equity 19.59m NOK → 15.45m NOK (equity ratio 80.9% → 66.6%). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1 073 NOK → 1.07m NOK. Reported fact