ADVANCED BIOPOLYMERS AS: årsregnskap 2010 vs 2009
Shrank 100% on revenue, stronger earnings
approved 2011-03-23; registry 2011-04-11; journal 2011 334855
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVANCED BIOPOLYMERS AS. Revenue 28.0k NOK → 0 NOK (-100.0%). Net result -4.06m NOK → -90.2k NOK. Equity -55.6k NOK → -45.9k NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; 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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↑
Net result improved
Net result -4.06m NOK → -90.2k NOK. Calculated
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↑
Equity strengthened
Book equity -55.6k NOK → -45.9k NOK (equity ratio -15.8% → -194.9%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 28.0k NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Cash fell
Bank deposits 13.8k NOK → 9 659 NOK (-30.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -194.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 14.99m NOK → 475.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 49.8k NOK → 0 NOK (-100.0% YoY). Calculated