ABACOM AS: årsregnskap 2013 vs 2012
Shrank 16% on revenue
approved 2014-11-17; registry 2014-12-01; journal 2014 876424
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABACOM AS. Revenue 3.63m NOK → 3.06m NOK (-15.8%). Equity 54.7k NOK → 48.7k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for ABACOM AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 143.0k NOK → 185.8k NOK (+29.9% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 3.63m NOK to 3.06m NOK (-15.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +194.3k NOK → -26.1k NOK (op. margin 5.4% → -0.9%). Calculated
-
↓
Equity eroded
Book equity 54.7k NOK → 48.7k NOK (equity ratio 4.1% → 4.1%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 1.67m NOK → 2.79m NOK (46% → 91% of revenue). Calculated
-
↓
COGS moved
COGS / varekostnad -155.5k NOK → 162.4k NOK (+204.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 4.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Book investments changed
Investment / intangible book value 105.2k NOK → 107.6k NOK. Reported fact