Org.nr 985 220 492 2021 → 2022 Year-over-year analysis

SEAGARDEN GROUP ASA: årsregnskap 2022 vs 2021

Shrank 100% on revenue, slipped into loss

approved 2023-06-27; registry 2023-07-12; journal 2023 564113

Full company analysis · All year comparisons

What changed

Comparing Årsregnskap 2022 with 2021 for SEAGARDEN GROUP ASA. Revenue 907.8k NOK → 0 NOK (-100.0%). Net result +2.64m NOK → -15.25m NOK. Equity 111.05m NOK → 95.80m NOK.

On the constructive side: operating result improved; cash rose; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.

Net tougher year on the published lines.

Scorecard

Revenue
907.8k NOK 0 NOK
-100.0%
Operating result
-3.85m NOK -1.91m NOK
+50.3%
Net result
+2.64m NOK -15.25m NOK
-678.0%
Equity
111.05m NOK 95.80m NOK
-13.7%
Cash
51.3k NOK 222.7k NOK
+334.2%
Total assets
112.29m NOK 98.67m NOK
-12.1%

What improved

  • ↑

    Operating result improved

    Operating result -3.85m NOK → -1.91m NOK. Calculated

  • ↑

    Cash rose

    Bank deposits 51.3k NOK → 222.7k NOK (+334.2% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 137.5k NOK → 2 726 NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 907.8k NOK to 0 NOK (-100.0% YoY). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 2.64m NOK profit to a loss of 15.25m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 111.05m NOK → 95.80m NOK (equity ratio 98.9% → 97.1%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 8.09× → 0.06× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    COGS moved

    COGS / varekostnad 96.10m NOK → 101.38m NOK (+5.5% YoY). Calculated