Org.nr 985 220 492 2015 → 2016 Year-over-year analysis

SEAGARDEN GROUP ASA: årsregnskap 2016 vs 2015

Shrank 6% on revenue, cash halved-plus

approved 2017-06-23; registry 2017-07-10; journal 2017 629086

Summary

What changed

Comparing Årsregnskap 2016 with 2015 for SEAGARDEN GROUP ASA. Revenue 1.78m NOK → 1.68m NOK (-6.1%). Equity 57.50m NOK → 52.51m NOK.

On the constructive side: owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for SEAGARDEN GROUP ASA.

At a glance

Revenue

1.78m NOK 1.68m NOK

-6.1%

Net result

n/m -20.40m NOK

—

Equity

57.50m NOK 52.51m NOK

-8.7%

Cash

2.13m NOK 281.0k NOK

-86.8%

Total assets

64.72m NOK 64.40m NOK

-0.5%

↑
Owners injected capital

Paid-in equity rose 86.42m NOK → 99.93m NOK (+13.51m NOK). Reported fact

↓
Revenue fell

Operating income / revenue moved from 1.78m NOK to 1.68m NOK (-6.1% YoY). Calculated
↓
Equity eroded

Book equity 57.50m NOK → 52.51m NOK (equity ratio 88.8% → 81.5%). Calculated
↓
Cash fell

Bank deposits 2.13m NOK → 281.0k NOK (-86.8% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 1.96m NOK → 19.04m NOK (110% → 1136% of revenue). Calculated
↓
COGS moved

COGS / varekostnad 23.03m NOK → 27.26m NOK (+18.3% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (2.13m NOK → 281.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 11 NOK → 46.24m NOK. Reported fact