SEAGARDEN GROUP ASA: årsregnskap 2021 vs 2020
Weaker earnings, cash halved-plus, fresh owner capital
approved 2022-06-20; registry 2022-07-14; journal 2022 632133
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for SEAGARDEN GROUP ASA. Revenue 907.8k NOK → 907.8k NOK (0.0%). Net result +7.46m NOK → +2.64m NOK. Equity 44.49m NOK → 111.05m NOK.
On the constructive side: equity strengthened; owners injected capital; payroll decreased. Pressures included: operating result weakened; net result weakened; cash fell.
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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↑
Equity strengthened
Book equity 44.49m NOK → 111.05m NOK (equity ratio 65.1% → 98.9%). Calculated
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↑
Owners injected capital
Paid-in equity rose 58.61m NOK → 122.54m NOK (+63.92m NOK). Reported fact
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↑
Payroll decreased
Salary cost 910.2k NOK → 137.5k NOK (100% → 15% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -1.23m NOK → -3.85m NOK (op. margin -135.1% → -424.3%). Calculated
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↓
Net result weakened
Net result +7.46m NOK → +2.64m NOK (net margin 822.2% → 290.7%). Calculated
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↓
Cash fell
Bank deposits 123.5k NOK → 51.3k NOK (-58.5% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 78.15m NOK → 96.10m NOK (+23.0% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 65.28m NOK → 1 NOK. Reported fact