ADVANCED CONTROL ROBOTIC AS: årsregnskap 2010 vs 2009
Shrank 91% on revenue, stronger earnings, cash halved-plus
approved 2011-01-31; registry 2011-07-02; journal 2011 463547
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVANCED CONTROL ROBOTIC AS. Revenue 312.0k NOK → 26.9k NOK (-91.4%). Net result +42.9k NOK → +236.4k NOK. Equity -9.13m NOK → -8.89m NOK.
On the constructive side: net result improved; equity strengthened. 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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↑
Net result improved
Net result +42.9k NOK → +236.4k NOK (net margin 13.8% → 879.5%). Calculated
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↑
Equity strengthened
Book equity -9.13m NOK → -8.89m NOK (equity ratio -2906.2% → -11809.6%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 312.0k NOK to 26.9k NOK (-91.4% YoY). Calculated
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↓
Cash fell
Bank deposits 2 173 NOK → 74 NOK (-96.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -11809.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation