ADVANCED BIOPOLYMERS AS: årsregnskap 2008 vs 2007
Shrank 83% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVANCED BIOPOLYMERS AS. Revenue 110.5k NOK → 19.0k NOK (-82.8%). Net result -3.94m NOK → -3.66m NOK. Equity 4.37m NOK → 918.5k NOK.
On the constructive side: operating result improved; net result improved; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVANCED BIOPOLYMERS AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -3.94m NOK → -3.67m NOK (op. margin -3567.1% → -19313.4%). Calculated
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Net result improved
Net result -3.94m NOK → -3.66m NOK (net margin -3569.3% → -19260.7%). Calculated
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Owners injected capital
Paid-in equity rose 11.70m NOK → 11.90m NOK (+205.8k NOK). Reported fact
What deteriorated
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Revenue fell
Operating income / revenue moved from 110.5k NOK to 19.0k NOK (-82.8% YoY). Calculated
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Equity eroded
Book equity 4.37m NOK → 918.5k NOK (equity ratio 86.3% → 4199.8%). Calculated
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Cash fell
Bank deposits 931.0k NOK → 424.3k NOK (-54.4% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 4.16× → 0.26× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 968.7k NOK → 1.12m NOK (877% → 5897% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 326.8k NOK → 125.2k NOK (-61.7% YoY). Calculated