Org.nr 971 597 275 2010 → 2011 Year-over-year analysis

ABACOM AS: årsregnskap 2011 vs 2010

Grew 17% on revenue, cash halved-plus

approved 2012-11-06; registry 2012-11-14; journal 2012 812863

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ABACOM AS. Revenue 2.89m NOK → 3.37m NOK (+16.5%). Equity -39.7k NOK → -129.4k NOK.

On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.

Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABACOM AS.

At a glance

Revenue

2.89m NOK 3.37m NOK

+16.5%

Operating result

-25.2k NOK -98.8k NOK

-291.2%

Net result

+55.2k NOK n/m

—

Equity

-39.7k NOK -129.4k NOK

-225.6%

Cash

626.5k NOK 289.5k NOK

-53.8%

Total assets

1.22m NOK 1.43m NOK

+17.2%

↑
Revenue rose

Operating income / revenue moved from 2.89m NOK to 3.37m NOK (+16.5% YoY). Calculated

↓
Operating result weakened

Operating result -25.2k NOK → -98.8k NOK (op. margin -0.9% → -2.9%). Calculated
↓
Equity eroded

Book equity -39.7k NOK → -129.4k NOK (equity ratio -3.2% → -9.0%). Calculated
↓
Cash fell

Bank deposits 626.5k NOK → 289.5k NOK (-53.8% YoY). Calculated

·
Thin equity buffer

Equity ratio is -9.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 757.8k NOK → 1.56m NOK (26% → 46% of revenue). Calculated
·
COGS fell

COGS / varekostnad 936.5k NOK → 302.4k NOK (-67.7% YoY). Calculated