ABAN INTERNATIONAL NORWAY AS: årsregnskap 2012 vs 2011
Grew 21742% on revenue, stronger earnings, cash halved-plus
approved 2012-07-10; registry 2012-08-09; journal 2012 596781
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABAN INTERNATIONAL NORWAY AS. Revenue 342.1k NOK → 74.72m NOK (+21742.1%). Net result -63.33m NOK → -4.95m NOK. Equity 23.00m NOK → 79.52m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for ABAN INTERNATIONAL NORWAY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 342.1k NOK to 74.72m NOK (+21742.1% YoY). Calculated
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Net result improved
Net result -63.33m NOK → -4.95m NOK (net margin -18513.5% → -6.6%). Calculated
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↑
Equity strengthened
Book equity 23.00m NOK → 79.52m NOK (equity ratio 2849.4% → 9.9%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 3.71×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 23.75m NOK → 10.20m NOK (-57.1% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 9.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Paid-in equity reduced
Paid-in equity fell 109.37m NOK → 216.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS moved
COGS / varekostnad 78.67m NOK → 23.16bn NOK (+29336.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 197.3k NOK → 804.92m NOK. Reported fact