HOFSETH BIOCARE ASA: årsregnskap 2011 vs 2010
Shrank 100% on revenue, weaker earnings, fresh owner capital
approved 2012-05-25; registry 2012-09-03; journal 2012 693460
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for HOFSETH BIOCARE ASA. Revenue 170.7k NOK → 183 NOK (-99.9%). Net result -9.39m NOK → -19.03m NOK. Equity 75.96m NOK → 120.28m NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; net result weakened; payroll up without matching revenue.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for HOFSETH BIOCARE ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 75.96m NOK → 120.28m NOK (equity ratio 83.5% → 76.1%). Calculated
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↑
Cash rose
Bank deposits 2.51m NOK → 18.55m NOK (+638.1% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.60× → 1.66×. Calculated
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↑
Owners injected capital
Paid-in equity rose 85.71m NOK → 120.28m NOK (+34.57m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 170.7k NOK to 183 NOK (-99.9% YoY). Calculated
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↓
Net result weakened
Net result -9.39m NOK → -19.03m NOK (net margin -5500.0% → -10400000.0%). Calculated
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↓
Payroll up without matching revenue
Salary cost 3 NOK → 8.32m NOK (0% → 4549180% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 364 NOK → 462.0k NOK (+126823.1% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.23m NOK → 1 000 NOK. Reported fact