Org.nr 985 220 492 2008 → 2009 Year-over-year analysis

SEAGARDEN GROUP ASA: årsregnskap 2009 vs 2008

Shrank 10% on revenue, cash halved-plus, fresh owner capital

approved 2010-03-31; registry 2010-09-20; journal 2010 761650

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for SEAGARDEN GROUP ASA. Revenue 14.04m NOK → 12.58m NOK (-10.4%). Equity 13.20m NOK → 38.75m NOK.

On the constructive side: equity strengthened; owners injected capital; payroll decreased. Pressures included: revenue fell; cash fell; cogs moved.

Mixed year — gains and pressures both show up.

At a glance

Revenue

14.04m NOK 12.58m NOK

-10.4%

Net result

n/m -10.95m NOK

—

Equity

13.20m NOK 38.75m NOK

+193.5%

Cash

805.3k NOK 29.2k NOK

-96.4%

Total assets

48.96m NOK 79.96m NOK

+63.3%

↑
Equity strengthened

Book equity 13.20m NOK → 38.75m NOK (equity ratio 27.0% → 48.5%). Calculated
↑
Owners injected capital

Paid-in equity rose 13.04m NOK → 47.72m NOK (+34.68m NOK). Reported fact
↑
Payroll decreased

Salary cost 3.26m NOK → 3.00m NOK (23% → 24% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 14.04m NOK to 12.58m NOK (-10.4% YoY). Calculated
↓
Cash fell

Bank deposits 805.3k NOK → 29.2k NOK (-96.4% YoY). Calculated
↓
COGS moved

COGS / varekostnad 8.12m NOK → 8.72m NOK (+7.4% YoY). Calculated