FirmaIQ
Org.nr 922 631 034 2021 → 2022 Year-over-year analysis

7OCEANS AS: årsregnskap 2022 vs 2021

Shrank 98% on revenue, weaker earnings, cash halved-plus

registry 2023-09-12; journal 2023 726259

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for 7OCEANS AS. Revenue 399.4k NOK → 8 399 NOK (-97.9%). Net result +831.8k NOK → +248.9k NOK. Equity 16.13m NOK → 21.83m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for 7OCEANS AS.

At a glance

Scorecard

Revenue
399.4k NOK 8 399 NOK
-97.9%
Operating result
+555.4k NOK -80.3k NOK
-114.5%
Net result
+831.8k NOK +248.9k NOK
-70.1%
Equity
16.13m NOK 21.83m NOK
+35.3%
Cash
7.36m NOK 2.00m NOK
-72.8%
Total assets
21.19m NOK 26.85m NOK
+26.7%

What improved

  • ↑

    Equity strengthened

    Book equity 16.13m NOK → 21.83m NOK (equity ratio 76.1% → 81.3%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 399.4k NOK to 8 399 NOK (-97.9% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +555.4k NOK → -80.3k NOK (op. margin 139.1% → -956.2%). Calculated

  • ↓

    Net result weakened

    Net result +831.8k NOK → +248.9k NOK (net margin 208.3% → 2963.1%). Calculated

  • ↓

    Cash fell

    Bank deposits 7.36m NOK → 2.00m NOK (-72.8% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (7.36m NOK → 2.00m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation