SMARTOPTICS GROUP ASA: årsregnskap 2010 vs 2009
Shrank 32% on revenue, stronger earnings
approved 2011-04-14; registry 2011-07-21; journal 2011 513277
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for SMARTOPTICS GROUP ASA. Revenue 2.06m NOK → 1.39m NOK (-32.2%). Net result -75.36m NOK → -2.24m NOK. Equity 186.71m NOK → 326.3k NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: paid-in equity reduced; cogs fell; 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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Net result improved
Net result -75.36m NOK → -2.24m NOK (net margin -3665.3% → -161.0%). Calculated
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Cash rose
Bank deposits 1.72m NOK → 5.57m NOK (+224.1% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 2.06m NOK to 1.39m NOK (-32.2% YoY). Calculated
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Equity eroded
Book equity 186.71m NOK → 326.3k NOK (equity ratio 74298.8% → 84.6%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 186.71m NOK → 326.3k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 146.55m NOK → 204.2k NOK (-99.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 2 740 NOK → 133.0k NOK. Reported fact