ABC ART BUSINESS COLLECTION AS: årsregnskap 2012 vs 2011
Shrank 16% on revenue, slipped into loss, cash halved-plus
approved 2013-06-30; registry 2013-08-15; journal 2013 636643
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABC ART BUSINESS COLLECTION AS. Revenue 834.2k NOK → 697.4k NOK (-16.4%). Net result +136.4k NOK → -176.6k NOK. Equity 236.4k NOK → 59.8k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABC ART BUSINESS COLLECTION AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 834.2k NOK to 697.4k NOK (-16.4% YoY). Calculated
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Operating result weakened
Operating result +186.0k NOK → -157.7k NOK (op. margin 22.3% → -22.6%). Calculated
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Fell into a net loss
Net result flipped from 136.4k NOK profit to a loss of 176.6k NOK. Calculated
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Equity eroded
Book equity 236.4k NOK → 59.8k NOK (equity ratio 28.7% → 7.8%). Calculated
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Cash fell
Bank deposits 79.5k NOK → 0 NOK (-100.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 7.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 347.0k NOK → 335.5k NOK (-3.3% YoY). Calculated