Org.nr 985 220 492 2017 → 2018 Year-over-year analysis

SEAGARDEN GROUP ASA: årsregnskap 2018 vs 2017

Mixed movements in the accounts

approved 2019-06-28; registry 2019-08-12; journal 2019 914354

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for SEAGARDEN GROUP ASA. Revenue 2.01m NOK → 1.99m NOK (-0.9%). Equity 59.62m NOK → 52.99m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.

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

At a glance

Revenue

2.01m NOK 1.99m NOK

-0.9%

Net result

-14.23m NOK n/m

—

Equity

59.62m NOK 52.99m NOK

-11.1%

Cash

442 NOK 1.53m NOK

+346053.8%

Total assets

73.63m NOK 65.35m NOK

-11.2%

↓
Revenue fell

Operating income / revenue moved from 2.01m NOK to 1.99m NOK (-0.9% YoY). Calculated
↓
Equity eroded

Book equity 59.62m NOK → 52.99m NOK (equity ratio 81.0% → 81.1%). Calculated
↓
Current ratio dropped below 1×

Current ratio 2.71× → 0.17× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
↓
COGS moved

COGS / varekostnad 31.04m NOK → 35.64m NOK (+14.8% YoY). Calculated

·
Book investments changed

Investment / intangible book value 50.0k NOK → 0 NOK. Reported fact