FirmaIQ
Org.nr 985 220 492 2007 → 2008 Year-over-year analysis

SEAGARDEN GROUP ASA: årsregnskap 2008 vs 2007

Grew 62% on revenue

approved 2009-06-30; registry 2009-09-15

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for SEAGARDEN GROUP ASA. Revenue 8.68m NOK → 14.04m NOK (+61.8%). Equity 8.94m NOK → 13.20m NOK.

On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: cash fell.

Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for SEAGARDEN GROUP ASA.

At a glance

Scorecard

Revenue
8.68m NOK 14.04m NOK
+61.8%
Operating result
-8.15m NOK n/m
—
Equity
8.94m NOK 13.20m NOK
+47.7%
Cash
808.7k NOK 805.3k NOK
-0.4%
Total assets
22.80m NOK 48.96m NOK
+114.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 8.68m NOK to 14.04m NOK (+61.8% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 8.94m NOK → 13.20m NOK (equity ratio 39.2% → 27.0%). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.62m NOK → 3.26m NOK (42% → 23% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 808.7k NOK → 805.3k NOK (-0.4% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 15.89m NOK → 13.04m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 4.50m NOK → 8.12m NOK (+80.4% YoY). Calculated