FirmaIQ
Org.nr 985 220 492 2010 → 2011 Year-over-year analysis

SEAGARDEN GROUP ASA: årsregnskap 2011 vs 2010

Grew 17% on revenue, stronger earnings, cash halved-plus

approved 2012-06-29; registry 2012-08-22; journal 2012 633356

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for SEAGARDEN GROUP ASA. Revenue 18.49m NOK → 21.56m NOK (+16.6%). Net result -12.98m NOK → -6.05m NOK. Equity 39.35m NOK → 66.89m NOK.

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

Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for SEAGARDEN GROUP ASA.

At a glance

Scorecard

Revenue
18.49m NOK 21.56m NOK
+16.6%
Operating result
n/m -10.74m NOK
—
Net result
-12.98m NOK -6.05m NOK
+53.4%
Equity
39.35m NOK 66.89m NOK
+70.0%
Cash
1.88m NOK 803.0k NOK
-57.4%
Total assets
73.63m NOK 103.06m NOK
+40.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 18.49m NOK to 21.56m NOK (+16.6% YoY). Calculated

  • ↑

    Net result improved

    Net result -12.98m NOK → -6.05m NOK (net margin -70.2% → -28.1%). Calculated

  • ↑

    Equity strengthened

    Book equity 39.35m NOK → 66.89m NOK (equity ratio 53.4% → 64.9%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 39.35m NOK → 63.99m NOK (+24.64m NOK). Reported fact

What deteriorated

  • ↓

    Cash fell

    Bank deposits 1.88m NOK → 803.0k NOK (-57.4% YoY). Calculated

Things to notice

  • ·

    Payroll increased

    Salary cost 2.27m NOK → 17.58m NOK (12% → 82% of revenue). Calculated

  • ·

    COGS fell

    COGS / varekostnad 12.59m NOK → 0 NOK (-100.0% YoY). Calculated