FirmaIQ
Org.nr 858 905 192 2008 → 2009 Year-over-year analysis

SMARTOPTICS GROUP ASA: årsregnskap 2009 vs 2008

Grew 182170% on revenue, slipped into loss

approved 2010-04-28; registry 2010-06-03; journal 2010 404264

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for SMARTOPTICS GROUP ASA. Revenue 1 128 NOK → 2.06m NOK (+182169.5%). Net result +41.27m NOK → -75.36m NOK. Equity 203.03m NOK → 186.71m NOK.

On the constructive side: revenue rose. Pressures included: fell into a net loss; equity eroded; cash fell.

Also worth watching: paid-in equity reduced; cogs moved; book investments changed. All figures are taken from the published annual accounts for SMARTOPTICS GROUP ASA.

At a glance

Scorecard

Revenue
1 128 NOK 2.06m NOK
+182169.5%
Operating result
-16.63m NOK n/m
—
Net result
+41.27m NOK -75.36m NOK
-282.6%
Equity
203.03m NOK 186.71m NOK
-8.0%
Cash
2.32m NOK 1.72m NOK
-26.1%
Total assets
242.57m NOK 251.3k NOK
-99.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1 128 NOK to 2.06m NOK (+182169.5% YoY). Calculated

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 41.27m NOK profit to a loss of 75.36m NOK. Calculated

  • ↓

    Equity eroded

    Book equity 203.03m NOK → 186.71m NOK (equity ratio 83.7% → 74298.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 2.32m NOK → 1.72m NOK (-26.1% YoY). Calculated

Things to notice

  • ·

    Paid-in equity reduced

    Paid-in equity fell 11.20bn NOK → 186.71m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 51.59m NOK → 146.55m NOK (+184.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 227.86m NOK → 2 740 NOK. Reported fact