SEAGARDEN GROUP ASA: årsregnskap 2017 vs 2016
Grew 20% on revenue, stronger earnings, cash halved-plus
approved 2018-06-22; registry 2018-07-16; journal 2018 685946 7
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for SEAGARDEN GROUP ASA. Revenue 1.68m NOK → 2.01m NOK (+19.9%). Net result -20.40m NOK → -14.23m NOK. Equity 52.51m NOK → 59.62m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: paid-in equity reduced; cogs moved; book investments changed. All figures are taken from the published annual accounts for SEAGARDEN GROUP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.68m NOK to 2.01m NOK (+19.9% YoY). Calculated
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Net result improved
Net result -20.40m NOK → -14.23m NOK (net margin -1217.2% → -708.5%). Calculated
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↑
Equity strengthened
Book equity 52.51m NOK → 59.62m NOK (equity ratio 81.5% → 81.0%). Calculated
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↑
Payroll decreased
Salary cost 19.04m NOK → 17.95m NOK (1136% → 894% of revenue). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 281.0k NOK → 442 NOK (-99.8% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 99.93m NOK → 57.32m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 27.26m NOK → 31.04m NOK (+13.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 46.24m NOK → 50.0k NOK. Reported fact