7SENSE AGRITECH AS: årsregnskap 2018 vs 2017
Grew 60% on revenue, returned to profit, fresh owner capital
approved 2019-06-26; registry 2019-07-09; journal 2019 631775
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for 7SENSE AGRITECH AS. Revenue 2.25m NOK → 3.61m NOK (+60.4%). Net result -414.4k NOK → +144.0k NOK. Equity 388.5k NOK → 251.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for 7SENSE AGRITECH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.25m NOK to 3.61m NOK (+60.4% YoY). Calculated
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Operating result improved
Operating result -334.0k NOK → +12.4k NOK (op. margin -14.8% → 0.3%). Calculated
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Turned profitable
Net result flipped from a loss of 414.4k NOK to a profit of 144.0k NOK. Calculated
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Cash rose
Bank deposits 42.3k NOK → 52.5k NOK (+24.1% YoY). Calculated
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Owners injected capital
Paid-in equity rose 1.73m NOK → 2.45m NOK (+718.9k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 388.5k NOK → 251.4k NOK (equity ratio 17.4% → 7.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 788.4k NOK → 756.4k NOK (-4.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 10.7k NOK → 3 000 NOK. Reported fact