ABAS KOSMETIKK AS: årsregnskap 2011 vs 2010
Grew 6% on revenue, returned to profit, cash halved-plus
approved 2012-06-29; registry 2012-08-09; journal 2012 595819
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABAS KOSMETIKK AS. Revenue 4.43m NOK → 4.68m NOK (+5.7%). Net result -2 068 NOK → +16.7k NOK. Equity 408.7k NOK → 425.5k NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened. Pressures included: operating result weakened; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; payroll increased; cogs fell. All figures are taken from the published annual accounts for ABAS KOSMETIKK AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 4.43m NOK to 4.68m NOK (+5.7% YoY). Calculated
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↑
Turned profitable
Net result flipped from a loss of 2 068 NOK to a profit of 16.7k NOK. Calculated
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↑
Equity strengthened
Book equity 408.7k NOK → 425.5k NOK (equity ratio 80.8% → 20.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -5 819 NOK → -26.9k NOK (op. margin -0.1% → -0.6%). Calculated
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↓
Cash fell
Bank deposits 2.78m NOK → 283.8k NOK (-89.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 4.12× → 0.90× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.78m NOK → 283.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 3 NOK → 1.56m NOK (0% → 33% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 2.45m NOK → 2.38m NOK (-2.9% YoY). Calculated