FirmaIQ
Org.nr 985 220 492 2009 → 2010 Year-over-year analysis

SEAGARDEN GROUP ASA: årsregnskap 2010 vs 2009

Grew 47% on revenue

approved 2011-05-13; registry 2011-09-15; journal 2011 763006

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for SEAGARDEN GROUP ASA. Revenue 12.58m NOK → 18.49m NOK (+47.0%). Net result -10.95m NOK → -12.98m NOK. Equity 38.75m NOK → 39.35m NOK.

On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: net result weakened.

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
12.58m NOK 18.49m NOK
+47.0%
Net result
-10.95m NOK -12.98m NOK
-18.6%
Equity
38.75m NOK 39.35m NOK
+1.5%
Cash
29.2k NOK 1.88m NOK
+6357.0%
Total assets
79.96m NOK 73.63m NOK
-7.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 12.58m NOK to 18.49m NOK (+47.0% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 38.75m NOK → 39.35m NOK (equity ratio 48.5% → 53.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 29.2k NOK → 1.88m NOK (+6357.0% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 3.00m NOK → 2.27m NOK (24% → 12% of revenue). Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result -10.95m NOK → -12.98m NOK (net margin -87.0% → -70.2%). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 47.72m NOK → 39.35m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 8.72m NOK → 12.59m NOK (+44.5% YoY). Calculated