ABACUS RATIO AS: årsregnskap 2011 vs 2010
Mixed movements in the accounts
approved 2012-05-08; registry 2012-06-11; journal 2012 414943
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABACUS RATIO AS. Revenue 51.05m NOK → 49.35m NOK (-3.3%). Equity 888.8k NOK → 338.5k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABACUS RATIO AS.
At a glance
Scorecard
What improved
-
↑
Operating result improved
Operating result -3.43m NOK → +211.1k NOK (op. margin -6.7% → 0.4%). Calculated
-
↑
Payroll decreased
Salary cost 24.44m NOK → 21.18m NOK (48% → 43% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 51.05m NOK to 49.35m NOK (-3.3% YoY). Calculated
-
↓
Equity eroded
Book equity 888.8k NOK → 338.5k NOK (equity ratio 5.2% → 2.2%). Calculated
-
↓
Cash fell
Bank deposits 282.6k NOK → 209.4k NOK (-25.9% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 19.58m NOK → 19.51m NOK (-0.4% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 4.46m NOK → 1.36m NOK. Reported fact