ADVANCED BIOPOLYMERS AS: årsregnskap 2011 vs 2010
Weaker earnings
approved 2012-05-02; registry 2012-05-15; journal 2012 374939
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ADVANCED BIOPOLYMERS AS. Net result -90.2k NOK → -142.0k NOK. Equity -45.9k NOK → -187.9k NOK.
On the constructive side: cash rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCED BIOPOLYMERS AS.
At a glance
Scorecard
Revenue
0 NOK
n/m
—
Net result
-90.2k NOK
-142.0k NOK
-57.4%
Equity
-45.9k NOK
-187.9k NOK
-309.5%
Cash
9 659 NOK
21.8k NOK
+125.3%
Total assets
23.5k NOK
21.8k NOK
-7.6%
What improved
-
↑
Cash rose
Bank deposits 9 659 NOK → 21.8k NOK (+125.3% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result -90.2k NOK → -142.0k NOK. Calculated
-
↓
Equity eroded
Book equity -45.9k NOK → -187.9k NOK (equity ratio -194.9% → -863.3%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -863.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation