SMARTOPTICS GROUP ASA: årsregnskap 2007 vs 2006
Weaker earnings, cash halved-plus, fresh owner capital
approved 2008-05-28; registry 2008-09-02
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for SMARTOPTICS GROUP ASA. Revenue 0 NOK → 0 NOK (0.0%). Net result -73.43m NOK → -88.91m NOK. Equity 230.04m NOK → 294.98m NOK.
On the constructive side: equity strengthened; owners injected capital. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for SMARTOPTICS GROUP ASA.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 230.04m NOK → 294.98m NOK (equity ratio 70.2% → 78.7%). Calculated
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↑
Owners injected capital
Paid-in equity rose 230.04m NOK → 294.98m NOK (+64.94m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -14.88m NOK → -22.79m NOK. Calculated
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↓
Net result weakened
Net result -73.43m NOK → -88.91m NOK. Calculated
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↓
Cash fell
Bank deposits 30.40m NOK → 1.99m NOK (-93.5% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 7.29m NOK → 7.93m NOK. Calculated
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↓
COGS moved
COGS / varekostnad 181 NOK → 257.08m NOK (+142031391.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (30.40m NOK → 1.99m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 292.01m NOK → 327.83m NOK. Reported fact