ABACUS RATIO AS: årsregnskap 2012 vs 2011
Shrank 16% on revenue
approved 2013-05-30; registry 2013-08-08; journal 2013 616340
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABACUS RATIO AS. Revenue 49.35m NOK → 41.38m NOK (-16.1%). Equity 338.5k NOK → -259.7k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
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
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↑
Cash rose
Bank deposits 209.4k NOK → 269.7k NOK (+28.8% YoY). Calculated
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↑
Payroll decreased
Salary cost 21.18m NOK → 18.59m NOK (43% → 45% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 49.35m NOK to 41.38m NOK (-16.1% YoY). Calculated
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↓
Operating result weakened
Operating result +211.1k NOK → -1.71m NOK (op. margin 0.4% → -4.1%). Calculated
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↓
Equity eroded
Book equity 338.5k NOK → -259.7k NOK (equity ratio 2.2% → -2.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -2.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 19.51m NOK → 16.39m NOK (-16.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.36m NOK → 858.8k NOK. Reported fact