GENTIAN DIAGNOSTICS ASA: årsregnskap 2011 vs 2010
Grew 33% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for GENTIAN DIAGNOSTICS ASA. Revenue 5.28m NOK → 7.02m NOK (+32.9%). Net result -881.3k NOK → +797.1k NOK. Equity 418.8k NOK → 230.2k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for GENTIAN DIAGNOSTICS ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 5.28m NOK to 7.02m NOK (+32.9% YoY). Calculated
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Operating result improved
Operating result -938.0k NOK → -256.5k NOK (op. margin -17.8% → -3.7%). Calculated
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Turned profitable
Net result flipped from a loss of 881.3k NOK to a profit of 797.1k NOK. Calculated
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Owners injected capital
Paid-in equity rose 418.8k NOK → 433.1k NOK (+14.3k NOK). Reported fact
What deteriorated
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Equity eroded
Book equity 418.8k NOK → 230.2k NOK (equity ratio 3.9% → 2.2%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 3.30m NOK → 4.38m NOK (63% → 62% of revenue). Calculated
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COGS moved
COGS / varekostnad 0 NOK → 24.5k NOK (None YoY). Calculated
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Book investments changed
Investment / intangible book value 8.51m NOK → 6.11m NOK. Reported fact