ADVANCED CONTROL ROBOTIC AS: årsregnskap 2009 vs 2008
Shrank 95% on revenue, cash halved-plus
approved 2010-11-17; registry 2010-11-29; journal 2010 789440
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVANCED CONTROL ROBOTIC AS. Revenue 5.91m NOK → 312.0k NOK (-94.7%). Equity -9.17m NOK → -9.13m NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; 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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↑
Equity strengthened
Book equity -9.17m NOK → -9.13m NOK (equity ratio -431.5% → -2906.2%). Calculated
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↑
Payroll decreased
Salary cost 2.27m NOK → 94.8k NOK (38% → 30% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.91m NOK to 312.0k NOK (-94.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +3.66m NOK → -450.4k NOK (op. margin 62.0% → -144.4%). Calculated
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↓
Cash fell
Bank deposits 65.6k NOK → 2 173 NOK (-96.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.07× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -2906.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation