ABBOTT RAPID DIAGNOSTICS AS: årsregnskap 2012 vs 2011
Stronger earnings, cash halved-plus
approved 2013-06-26; registry 2013-09-05; journal 2013 749400
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABBOTT RAPID DIAGNOSTICS AS. Revenue 319.14m NOK → 316.49m NOK (-0.8%). Net result +6.89m NOK → +19.61m NOK. Equity 30.95m NOK → 40.15m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; cash fell.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABBOTT RAPID DIAGNOSTICS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +10.98m NOK → +14.26m NOK (op. margin 3.4% → 4.5%). Calculated
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↑
Net result improved
Net result +6.89m NOK → +19.61m NOK (net margin 2.2% → 6.2%). Calculated
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↑
Equity strengthened
Book equity 30.95m NOK → 40.15m NOK (equity ratio 17.3% → 34.1%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 319.14m NOK to 316.49m NOK (-0.8% YoY). Calculated
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↓
Cash fell
Bank deposits 2.87m NOK → 2 873 NOK (-99.9% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.87m NOK → 2 873 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 197.08m NOK → 189.18m NOK (-4.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2.08m NOK → 2 080 NOK. Reported fact