ABA ELEKTRO AS: årsregnskap 2012 vs 2011
Shrank 26% on revenue
approved 2013-06-30; registry 2013-09-05; journal 2013 757115
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABA ELEKTRO AS. Revenue 3.84m NOK → 2.84m NOK (-26.0%). Equity -304.0k NOK → -459.5k NOK.
On the constructive side: current ratio back above 1×; payroll decreased. Pressures included: revenue fell; 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
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↑
Current ratio back above 1×
Current ratio 0.79× → 1.14×. Calculated
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↑
Payroll decreased
Salary cost 1.71m NOK → 1.06m NOK (45% → 37% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.84m NOK to 2.84m NOK (-26.0% YoY). Calculated
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↓
Equity eroded
Book equity -304.0k NOK → -459.5k NOK (equity ratio -20.3% → -30.7%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -30.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.52m NOK → 1.03m NOK (-32.6% YoY). Calculated