SEAGARDEN GROUP ASA: årsregnskap 2023 vs 2022
Stronger earnings, cash halved-plus
approved 2024-07-01; registry 2024-07-30; journal 2024 601559
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for SEAGARDEN GROUP ASA. Revenue 0 NOK → 1.22m NOK. Net result -15.25m NOK → -4.52m NOK. Equity 95.80m NOK → 91.28m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: payroll increased; cogs fell. All figures are taken from the published annual accounts for SEAGARDEN GROUP ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 1.22m NOK. Calculated
-
↑
Operating result improved
Operating result -1.91m NOK → -1.07m NOK. Calculated
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↑
Net result improved
Net result -15.25m NOK → -4.52m NOK. Calculated
-
↑
Current ratio back above 1×
Current ratio 0.06× → 1.24×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 95.80m NOK → 91.28m NOK (equity ratio 97.1% → 91.3%). Calculated
-
↓
Cash fell
Bank deposits 222.7k NOK → 48.9k NOK (-78.0% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 2 726 NOK → 2.18m NOK. Calculated
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·
COGS fell
COGS / varekostnad 101.38m NOK → 130.0k NOK (-99.9% YoY). Calculated