SMARTOPTICS GROUP ASA: årsregnskap 2012 vs 2011
Shrank 100% on revenue, returned to profit, cash halved-plus
approved 2013-06-17; registry 2013-07-03; journal 2013 515473
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for SMARTOPTICS GROUP ASA. Revenue 1.01m NOK → 1 007 NOK (-99.9%). Net result -11.43m NOK → +43.0k NOK. Equity 317.49m NOK → 11.24m NOK.
On the constructive side: turned profitable. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; 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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↑
Turned profitable
Net result flipped from a loss of 11.43m NOK to a profit of 43.0k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.01m NOK to 1 007 NOK (-99.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +111.72m NOK → +39.33m NOK (op. margin 11085.5% → 3905263.2%). Calculated
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↓
Equity eroded
Book equity 317.49m NOK → 11.24m NOK (equity ratio 66.2% → 3.0%). Calculated
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↓
Cash fell
Bank deposits 314.8k NOK → 137.8k NOK (-56.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.08× → 0.21× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 317.49m NOK → 11.24m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 43.43m NOK → 10.90m NOK. Reported fact