ABA-SKOL AS: årsregnskap 2013 vs 2012
Shrank 23% on revenue
approved 2014-03-20; registry 2014-04-26; journal 2014 367168
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABA-SKOL AS. Revenue 7.58m NOK → 5.82m NOK (-23.2%). Net result +284.9k NOK → +319.4k NOK. Equity 601.3k NOK → 281.9k NOK.
On the constructive side: net result improved; cash rose. 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-SKOL AS.
At a glance
Scorecard
What improved
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↑
Net result improved
Net result +284.9k NOK → +319.4k NOK (net margin 3.8% → 5.5%). Calculated
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Cash rose
Bank deposits 42.9k NOK → 57.4k NOK (+33.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.58m NOK to 5.82m NOK (-23.2% YoY). Calculated
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↓
Operating result weakened
Operating result +485.2k NOK → +370.4k NOK (op. margin 6.4% → 6.4%). Calculated
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↓
Equity eroded
Book equity 601.3k NOK → 281.9k NOK (equity ratio 5.8% → 2.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.67m NOK → 1.89m NOK (22% → 33% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 3.51m NOK → 1.90m NOK (-45.8% YoY). Calculated