ABAKUS NORGE AS: årsregnskap 2013 vs 2012
Shrank 17% on revenue, slipped into loss, cash halved-plus
approved 2014-06-05; registry 2014-07-15; journal 2014 583548
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABAKUS NORGE AS. Revenue 139.5k NOK → 115.5k NOK (-17.2%). Net result +104.7k NOK → -42.7k NOK. Equity -660.5k NOK → -703.3k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABAKUS NORGE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 139.5k NOK to 115.5k NOK (-17.2% YoY). Calculated
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Operating result weakened
Operating result +104.8k NOK → -25.1k NOK (op. margin 75.1% → -21.7%). Calculated
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Fell into a net loss
Net result flipped from 104.7k NOK profit to a loss of 42.7k NOK. Calculated
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Equity eroded
Book equity -660.5k NOK → -703.3k NOK (equity ratio -236.5% → -269.8%). Calculated
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Cash fell
Bank deposits 29.5k NOK → 4 720 NOK (-84.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -269.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 50.0k NOK → 2 100 NOK (-95.8% YoY). Calculated