SMARTOPTICS GROUP ASA: årsregnskap 2011 vs 2010
Shrank 28% on revenue, weaker earnings, cash halved-plus
approved 2012-06-05; registry 2012-10-18; journal 2012 802169
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for SMARTOPTICS GROUP ASA. Revenue 1.39m NOK → 1.01m NOK (-27.7%). Net result -2.24m NOK → -11.43m NOK. Equity 326.3k NOK → 317.49m NOK.
On the constructive side: operating result improved; equity strengthened; owners injected capital. Pressures included: revenue fell; 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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Operating result improved
Operating result +11.30m NOK → +111.72m NOK (op. margin 810.3% → 11085.5%). Calculated
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Equity strengthened
Book equity 326.3k NOK → 317.49m NOK (equity ratio 84.6% → 66.2%). Calculated
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Owners injected capital
Paid-in equity rose 326.3k NOK → 317.49m NOK (+317.17m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.39m NOK to 1.01m NOK (-27.7% YoY). Calculated
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Net result weakened
Net result -2.24m NOK → -11.43m NOK (net margin -161.0% → -1134.6%). Calculated
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Cash fell
Bank deposits 5.57m NOK → 314.8k NOK (-94.3% YoY). Calculated
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COGS moved
COGS / varekostnad 204.2k NOK → 631.8k NOK (+209.4% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (5.57m NOK → 314.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Book investments changed
Investment / intangible book value 133.0k NOK → 43.43m NOK. Reported fact