FirmaIQ
Org.nr 959 033 560 2009 → 2010 Year-over-year analysis

ARCTICZYMES TECHNOLOGIES ASA: årsregnskap 2010 vs 2009

Shrank 86% on revenue, stronger earnings

approved 2011-05-13; registry 2011-06-15; journal 2011 407522

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for ARCTICZYMES TECHNOLOGIES ASA. Revenue 82.71m NOK → 11.66m NOK (-85.9%). Net result -97.09m NOK → -28.54m NOK. Equity 95.50m NOK → 60.77m NOK.

On the constructive side: net result improved; owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ARCTICZYMES TECHNOLOGIES ASA.

At a glance

Scorecard

Revenue
82.71m NOK 11.66m NOK
-85.9%
Net result
-97.09m NOK -28.54m NOK
+70.6%
Equity
95.50m NOK 60.77m NOK
-36.4%
Cash
45.10m NOK 35.34m NOK
-21.7%
Total assets
125.63m NOK 94.96m NOK
-24.4%

What improved

  • ↑

    Net result improved

    Net result -97.09m NOK → -28.54m NOK (net margin -117.4% → -244.8%). Calculated

  • ↑

    Owners injected capital

    Paid-in equity rose 61.40m NOK → 63.38m NOK (+1.98m NOK). Reported fact

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 82.71m NOK to 11.66m NOK (-85.9% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 95.50m NOK → 60.77m NOK (equity ratio 76.0% → 64.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 45.10m NOK → 35.34m NOK (-21.7% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 840.0k NOK → 701.0k NOK (-16.5% YoY). Calculated