ADVANCED CONTROL ROBOTIC AS: årsregnskap 2008 vs 2007
Shrank 18% on revenue, cash halved-plus
approved 2009-10-21; registry 2009-11-09
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVANCED CONTROL ROBOTIC AS. Revenue 7.22m NOK → 5.91m NOK (-18.2%). Equity -11.96m NOK → -9.17m NOK.
On the constructive side: operating result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCED CONTROL ROBOTIC AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -4.16m NOK → +3.66m NOK (op. margin -57.5% → 62.0%). Calculated
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↑
Equity strengthened
Book equity -11.96m NOK → -9.17m NOK (equity ratio -298.3% → -431.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.76× → 1.07×. Calculated
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↑
Payroll decreased
Salary cost 6.35m NOK → 2.27m NOK (88% → 38% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.22m NOK to 5.91m NOK (-18.2% YoY). Calculated
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↓
Cash fell
Bank deposits 559.1k NOK → 65.6k NOK (-88.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -431.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation