ARCTICZYMES TECHNOLOGIES ASA: årsregnskap 2011 vs 2010
Grew 1045% on revenue, returned to profit, fresh owner capital
approved 2011-03-29; registry 2012-06-06; journal 2012 400430
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ARCTICZYMES TECHNOLOGIES ASA. Revenue 11.66m NOK → 133.48m NOK (+1044.9%). Net result -28.54m NOK → +110.88m NOK. Equity 60.77m NOK → 201.20m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ARCTICZYMES TECHNOLOGIES ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 11.66m NOK to 133.48m NOK (+1044.9% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 28.54m NOK to a profit of 110.88m NOK. Calculated
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↑
Equity strengthened
Book equity 60.77m NOK → 201.20m NOK (equity ratio 64.0% → 97.5%). Calculated
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↑
Owners injected capital
Paid-in equity rose 63.38m NOK → 92.93m NOK (+29.55m NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 35.34m NOK → 26.75m NOK (-24.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 701.0k NOK → 1 000 NOK (-99.9% YoY). Calculated