ABC BIOSCIENCE AS: årsregnskap 2010 vs 2009
Stronger earnings
approved 2011-06-30; registry 2011-09-13; journal 2011 758089
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ABC BIOSCIENCE AS. Revenue 0 NOK → 156.7k NOK. Net result -34.2k NOK → -1 353 NOK. Equity 65.8k NOK → -1.29m NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC BIOSCIENCE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 156.7k NOK. Calculated
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↑
Net result improved
Net result -34.2k NOK → -1 353 NOK. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -48.1k NOK → -1.35m NOK. Calculated
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↓
Equity eroded
Book equity 65.8k NOK → -1.29m NOK (equity ratio 53.1% → -511.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.90× → 0.16× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -511.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation