SMARTOPTICS GROUP ASA: årsregnskap 1993 vs 1992
Stronger earnings
Summary
What changed
Comparing Årsregnskap 1993 with 1992 for SMARTOPTICS GROUP ASA. Net result +6 829 NOK → +1.38m NOK. Equity 314.6k NOK → 225.8k NOK.
On the constructive side: operating result improved; net result improved; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for SMARTOPTICS GROUP ASA.
At a glance
Scorecard
Revenue
n/m
10.88m NOK
—
Operating result
+1.02m NOK
+1.36m NOK
+32.6%
Net result
+6 829 NOK
+1.38m NOK
+20060.3%
Equity
314.6k NOK
225.8k NOK
-28.2%
Total assets
389.6k NOK
6.30m NOK
+1517.3%
What improved
-
↑
Operating result improved
Operating result +1.02m NOK → +1.36m NOK. Calculated
-
↑
Net result improved
Net result +6 829 NOK → +1.38m NOK. Calculated
-
↑
Current ratio back above 1×
Current ratio 0.64× → 11.60×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 314.6k NOK → 225.8k NOK (equity ratio 80.7% → 3.6%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 3.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation