NAVAMEDIC ASA: årsregnskap 2010 vs 2009
Shrank 100% on revenue, slipped into loss, cash halved-plus
approved 2011-04-14; registry 2011-07-20; journal 2011 518318
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for NAVAMEDIC ASA. Revenue 44.29m NOK → 73.0k NOK (-99.8%). Net result +16.31m NOK → -7.33m NOK. Equity 109.14m NOK → 101.91m NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; cogs fell. All figures are taken from the published annual accounts for NAVAMEDIC ASA.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 109.14m NOK → 128.89m NOK (+19.75m NOK). Reported fact
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Payroll decreased
Salary cost 6.56m NOK → 4.01m NOK (15% → 5497% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 44.29m NOK to 73.0k NOK (-99.8% YoY). Calculated
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Fell into a net loss
Net result flipped from 16.31m NOK profit to a loss of 7.33m NOK. Calculated
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Equity eroded
Book equity 109.14m NOK → 101.91m NOK (equity ratio 91.9% → 97.6%). Calculated
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Cash fell
Bank deposits 22.60m NOK → 6.14m NOK (-72.9% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (22.60m NOK → 6.14m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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COGS fell
COGS / varekostnad 15.18m NOK → 2.03m NOK (-86.6% YoY). Calculated