SEAGARDEN GROUP ASA: årsregnskap 2007 vs 2006
Grew 83% on revenue
approved 2008-06-30; registry 2008-09-11
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for SEAGARDEN GROUP ASA. Revenue 4.75m NOK → 8.68m NOK (+82.8%). Equity 10.60m NOK → 8.94m NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for SEAGARDEN GROUP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.75m NOK to 8.68m NOK (+82.8% YoY). Calculated
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↑
Cash rose
Bank deposits 768.0k NOK → 808.7k NOK (+5.3% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 14.09m NOK → 15.89m NOK (+1.80m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -6.14m NOK → -8.15m NOK (op. margin -129.3% → -93.9%). Calculated
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↓
Equity eroded
Book equity 10.60m NOK → 8.94m NOK (equity ratio 57.7% → 39.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.78× → 0.58× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 1.73m NOK → 3.62m NOK (36% → 42% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 803.7k NOK → 4.50m NOK (+460.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 318.8k NOK → 12.4k NOK. Reported fact