ABACUS TAKST AS: årsregnskap 2013 vs 2012
Shrank 6% on revenue, weaker earnings, cash halved-plus
approved 2014-06-19; registry 2014-06-25; journal 2014 502502
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABACUS TAKST AS. Revenue 987.4k NOK → 932.4k NOK (-5.6%). Net result +312.1k NOK → +7 676 NOK. Equity 632.5k NOK → 101.2k NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ABACUS TAKST AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 987.4k NOK to 932.4k NOK (-5.6% YoY). Calculated
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↓
Operating result weakened
Operating result +446.8k NOK → +23.0k NOK (op. margin 45.2% → 2.5%). Calculated
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↓
Net result weakened
Net result +312.1k NOK → +7 676 NOK (net margin 31.6% → 0.8%). Calculated
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↓
Equity eroded
Book equity 632.5k NOK → 101.2k NOK (equity ratio 2830.9% → 9.2%). Calculated
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↓
Cash fell
Bank deposits 359.9k NOK → 152.7k NOK (-57.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 109.4k NOK → 101.2k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 6.20m NOK → 278 NOK (-100.0% YoY). Calculated