Org.nr 985 220 492 2018 → 2019 Year-over-year analysis

SEAGARDEN GROUP ASA: årsregnskap 2019 vs 2018

Shrank 52% on revenue, cash halved-plus

approved 2020-06-30; registry 2020-08-26; journal 2020 693858

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for SEAGARDEN GROUP ASA. Revenue 1.99m NOK → 950.6k NOK (-52.3%). Equity 52.99m NOK → 42.74m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

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

At a glance

Revenue

1.99m NOK 950.6k NOK

-52.3%

Operating result

n/m -359.3k NOK

—

Net result

n/m -10.26m NOK

—

Equity

52.99m NOK 42.74m NOK

-19.4%

Cash

1.53m NOK 36.7k NOK

-97.6%

Total assets

65.35m NOK 89.92m NOK

+37.6%

↓
Revenue fell

Operating income / revenue moved from 1.99m NOK to 950.6k NOK (-52.3% YoY). Calculated
↓
Equity eroded

Book equity 52.99m NOK → 42.74m NOK (equity ratio 81.1% → 47.5%). Calculated
↓
Cash fell

Bank deposits 1.53m NOK → 36.7k NOK (-97.6% YoY). Calculated
↓
COGS moved

COGS / varekostnad 35.64m NOK → 61.28m NOK (+72.0% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (1.53m NOK → 36.7k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation