NEXT BIOMETRICS GROUP ASA: årsregnskap 2009 vs 2008
Mixed movements in the accounts
approved 2010-06-30; registry 2010-09-18; journal 2010 758969
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for NEXT BIOMETRICS GROUP ASA. Revenue 412.1k NOK → 412.1k NOK (0.0%). Equity -2.63m NOK → -3.07m NOK.
On the constructive side: operating result improved; owners injected capital; payroll decreased. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for NEXT BIOMETRICS GROUP ASA.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -3.35m NOK → -823.6k NOK (op. margin -813.4% → -199.8%). Calculated
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↑
Owners injected capital
Paid-in equity rose 185.7k NOK → 194.7k NOK (+9 036 NOK). Reported fact
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↑
Payroll decreased
Salary cost 402.5k NOK → 1 402 NOK (98% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity -2.63m NOK → -3.07m NOK (equity ratio -260.2% → -1364.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 3.47× → 0.19× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1364.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation