ABBOTT DIAGNOSTICS TECHNOLOGIES AS: årsregnskap 2012 vs 2011
Grew 8% on revenue, stronger earnings, cash halved-plus
approved 2013-06-26; registry 2013-09-16; journal 2013 811958
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABBOTT DIAGNOSTICS TECHNOLOGIES AS. Revenue 438.22m NOK → 473.04m NOK (+7.9%). Net result -6.47m NOK → -1.24m NOK. Equity 181.90m NOK → 207.21m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABBOTT DIAGNOSTICS TECHNOLOGIES AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 438.22m NOK to 473.04m NOK (+7.9% YoY). Calculated
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Net result improved
Net result -6.47m NOK → -1.24m NOK (net margin -1.5% → -0.3%). Calculated
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↑
Equity strengthened
Book equity 181.90m NOK → 207.21m NOK (equity ratio 24.6% → 30.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.84× → 1.06×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 7.57m NOK → 214.9k NOK (-97.2% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (7.57m NOK → 214.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Payroll increased
Salary cost 141.66m NOK → 3.14bn NOK (32% → 665% of revenue). Calculated
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COGS moved
COGS / varekostnad 152.23m NOK → 161.28m NOK (+5.9% YoY). Calculated
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Book investments changed
Investment / intangible book value 183.14m NOK → 162.20m NOK. Reported fact