ABA CON AS: årsregnskap 2013 vs 2012
Grew 538% on revenue, stronger earnings
approved 2014-06-30; registry 2014-08-30; journal 2014 730068
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABA CON AS. Revenue 204.8k NOK → 1.31m NOK (+538.3%). Net result +316.1k NOK → +410.1k NOK. Equity 889.3k NOK → 181.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABA CON AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 204.8k NOK to 1.31m NOK (+538.3% YoY). Calculated
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Operating result improved
Operating result +511.0k NOK → +609.3k NOK (op. margin 249.5% → 46.6%). Calculated
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Net result improved
Net result +316.1k NOK → +410.1k NOK (net margin 154.4% → 31.4%). Calculated
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Cash rose
Bank deposits 218.3k NOK → 1.40m NOK (+541.7% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.72× → 4.31×. Calculated
What deteriorated
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Equity eroded
Book equity 889.3k NOK → 181.5k NOK (equity ratio 27.3% → 4.9%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 4.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation