ABA ELEKTRO AS: årsregnskap 2011 vs 2010
Shrank 39% on revenue
approved 2012-05-11; registry 2012-08-30; journal 2012 673145
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABA ELEKTRO AS. Revenue 6.30m NOK → 3.84m NOK (-39.1%). Equity 324.6k NOK → -304.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABA ELEKTRO AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 2.21m NOK → 1.71m NOK (35% → 45% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 6.30m NOK to 3.84m NOK (-39.1% YoY). Calculated
-
↓
Operating result weakened
Operating result +196.3k NOK → -619.0k NOK (op. margin 3.1% → -16.1%). Calculated
-
↓
Equity eroded
Book equity 324.6k NOK → -304.0k NOK (equity ratio 14.7% → -20.3%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.18× → 0.79× — 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 -20.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 2.44m NOK → 1.52m NOK (-37.5% YoY). Calculated