SEAGARDEN GROUP ASA: årsregnskap 2020 vs 2019
Returned to profit
approved 2021-05-07; registry 2021-07-06; journal 2021 445120
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for SEAGARDEN GROUP ASA. Revenue 950.6k NOK → 907.8k NOK (-4.5%). Net result -10.26m NOK → +7.46m NOK. Equity 42.74m NOK → 44.49m NOK.
On the constructive side: turned profitable; equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; cogs moved.
Also worth watching: 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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Turned profitable
Net result flipped from a loss of 10.26m NOK to a profit of 7.46m NOK. Calculated
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↑
Equity strengthened
Book equity 42.74m NOK → 44.49m NOK (equity ratio 47.5% → 65.1%). Calculated
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↑
Cash rose
Bank deposits 36.7k NOK → 123.5k NOK (+237.0% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.77× → 3.06×. Calculated
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↑
Owners injected capital
Paid-in equity rose 57.32m NOK → 58.61m NOK (+1.29m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 950.6k NOK to 907.8k NOK (-4.5% YoY). Calculated
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↓
Operating result weakened
Operating result -359.3k NOK → -1.23m NOK (op. margin -37.8% → -135.1%). Calculated
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↓
COGS moved
COGS / varekostnad 61.28m NOK → 78.15m NOK (+27.5% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 10 NOK → 65.28m NOK. Reported fact