ADVANCED BIOPOLYMERS AS: årsregnskap 2009 vs 2008
Grew 48% on revenue, cash halved-plus, fresh owner capital
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVANCED BIOPOLYMERS AS. Revenue 19.0k NOK → 28.0k NOK (+47.5%). Net result -3.66m NOK → -4.06m NOK. Equity 918.5k NOK → -55.6k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; 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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Revenue rose
Operating income / revenue moved from 19.0k NOK to 28.0k NOK (+47.5% YoY). Calculated
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Owners injected capital
Paid-in equity rose 11.90m NOK → 14.99m NOK (+3.09m NOK). Reported fact
What deteriorated
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Operating result weakened
Operating result -3.67m NOK → -3.90m NOK (op. margin -19313.4% → -13916.3%). Calculated
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↓
Net result weakened
Net result -3.66m NOK → -4.06m NOK (net margin -19260.7% → -14489.2%). Calculated
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↓
Equity eroded
Book equity 918.5k NOK → -55.6k NOK (equity ratio 4199.8% → -15.8%). Calculated
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↓
Cash fell
Bank deposits 424.3k NOK → 13.8k NOK (-96.7% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -15.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.12m NOK → 2.25m NOK (5897% → 8011% of revenue). Calculated
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COGS fell
COGS / varekostnad 125.2k NOK → 49.8k NOK (-60.2% YoY). Calculated