ABA ELEKTRO AS: årsregnskap 2013 vs 2012
Grew 22% on revenue, stronger earnings
approved 2014-06-25; registry 2014-09-06; journal 2014 790643
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABA ELEKTRO AS. Revenue 2.84m NOK → 3.45m NOK (+21.6%). Net result -155.5k NOK → -33.9k NOK. Equity -459.5k NOK → -493.4k NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; 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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↑
Revenue rose
Operating income / revenue moved from 2.84m NOK to 3.45m NOK (+21.6% YoY). Calculated
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↑
Net result improved
Net result -155.5k NOK → -33.9k NOK (net margin -5.5% → -1.0%). Calculated
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↑
Cash rose
Bank deposits 0 NOK → 27.5k NOK (None YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -459.5k NOK → -493.4k NOK (equity ratio -30.7% → -36.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -36.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.06m NOK → 12.75m NOK (37% → 369% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 1.03m NOK → 738.7k NOK (-28.1% YoY). Calculated