ABA-TECH AS: årsregnskap 2012 vs 2011
Shrank 42% on revenue, weaker earnings, cash halved-plus
approved 2013-06-27; registry 2013-07-13; journal 2013 555125
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABA-TECH AS. Revenue 28.00m NOK → 16.11m NOK (-42.5%). Net result +928.7k NOK → +518.0k NOK. Equity 329.2k NOK → 847.2k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABA-TECH AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 329.2k NOK → 847.2k NOK (equity ratio 8.5% → 22.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 28.00m NOK to 16.11m NOK (-42.5% YoY). Calculated
-
↓
Net result weakened
Net result +928.7k NOK → +518.0k NOK (net margin 3.3% → 3.2%). Calculated
-
↓
Cash fell
Bank deposits 279.3k NOK → 1 108 NOK (-99.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.02× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 179.6k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 21.19m NOK → 9.48m NOK (-55.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 255.9k NOK → 15.0k NOK. Reported fact