AQUA BIO TECHNOLOGY ASA: årsregnskap 2009 vs 2008
Shrank 100% on revenue, stronger earnings
approved 2010-04-29; registry 2010-09-07; journal 2010 729772
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AQUA BIO TECHNOLOGY ASA. Revenue 4.78m NOK → 0 NOK (-100.0%). Net result -44.65m NOK → -4.82m NOK. Equity 53.08m NOK → 57.87m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AQUA BIO TECHNOLOGY ASA.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result -44.65m NOK → -4.82m NOK. Calculated
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↑
Equity strengthened
Book equity 53.08m NOK → 57.87m NOK (equity ratio 83.5% → 85.7%). Calculated
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↑
Cash rose
Bank deposits 120.5k NOK → 250.5k NOK (+108.0% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 115.18m NOK → 124.43m NOK (+9.25m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 4.78m NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.80m NOK → 15.24m NOK. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 4.95m NOK → 0 NOK (-100.0% YoY). Calculated