PCI BIOTECH HOLDING ASA: årsregnskap 2011 vs 2010
Shrank 100% on revenue, cash halved-plus, fresh owner capital
approved 2012-04-25; registry 2012-05-26; journal 2012 393570
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for PCI BIOTECH HOLDING ASA. Revenue 10.44m NOK → 0 NOK (-100.0%). Equity 187.31m NOK → 188.2k NOK.
On the constructive side: owners injected capital; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for PCI BIOTECH HOLDING ASA.
At a glance
Scorecard
What improved
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Owners injected capital
Paid-in equity rose 189.5k NOK → 189.53m NOK (+189.34m NOK). Reported fact
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Payroll decreased
Salary cost 4.91m NOK → 639.0k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.44m NOK to 0 NOK (-100.0% YoY). Calculated
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Operating result weakened
Operating result -16.24m NOK → -17.08m NOK. Calculated
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↓
Equity eroded
Book equity 187.31m NOK → 188.2k NOK (equity ratio 99.6% → 99.6%). Calculated
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Cash fell
Bank deposits 7.54m NOK → 1.96m NOK (-74.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (7.54m NOK → 1.96m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 85.00m NOK → 135.00m NOK. Reported fact