ABC FORUM AS: årsregnskap 2011 vs 2010
Shrank 35% on revenue, weaker earnings
approved 2012-06-08; registry 2012-06-28; journal 2012 472549
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABC FORUM AS. Revenue 897.1k NOK → 583.8k NOK (-34.9%). Net result +398.3k NOK → +49.2k NOK. Equity 2.58m NOK → 2.58m NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for ABC FORUM AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 2.58m NOK → 2.58m NOK (equity ratio 55.4% → 58.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 897.1k NOK to 583.8k NOK (-34.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +291.1k NOK → -95.4k NOK (op. margin 32.4% → -16.3%). Calculated
-
↓
Net result weakened
Net result +398.3k NOK → +49.2k NOK (net margin 44.4% → 8.4%). Calculated
-
↓
Payroll up without matching revenue
Salary cost 315.5k NOK → 499.5k NOK (35% → 86% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 30.3k NOK → 2 049 NOK (-93.2% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2.65m NOK → 3.21m NOK. Reported fact