ABARILLO AS: årsregnskap 2012 vs 2011
Shrank 13% on revenue
approved 2013-06-26; registry 2013-07-02; journal 2013 514363
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABARILLO AS. Revenue 2.51m NOK → 2.19m NOK (-12.6%). Equity 984.9k NOK → 216.2k NOK.
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 ABARILLO AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 2.51m NOK to 2.19m NOK (-12.6% YoY). Calculated
-
↓
Operating result weakened
Operating result +878.3k NOK → +626.0k NOK (op. margin 35.1% → 28.6%). Calculated
-
↓
Equity eroded
Book equity 984.9k NOK → 216.2k NOK (equity ratio 31.0% → 8.2%). Calculated
-
↓
Cash fell
Bank deposits 36.1k NOK → 32.1k NOK (-10.9% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 7 NOK → 591.5k NOK (0% → 27% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 8.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 537.0k NOK → 500.0k NOK (-6.9% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 132.3k NOK → 110.0k NOK. Reported fact