ABC HALVORSEN EIENDOM AS: årsregnskap 2012 vs 2011
Grew 8% on revenue, cash halved-plus
approved 2013-04-18; registry 2013-04-24; journal 2013 356868
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABC HALVORSEN EIENDOM AS. Revenue 2.26m NOK → 2.43m NOK (+7.5%). Equity 1.19m NOK → 344.5k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; book investments changed. All figures are taken from the published annual accounts for ABC HALVORSEN EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 2.26m NOK to 2.43m NOK (+7.5% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 1.19m NOK → 344.5k NOK (equity ratio 7.0% → 2.0%). Calculated
-
↓
Cash fell
Bank deposits 52.9k NOK → 21.3k NOK (-59.8% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.15× → 0.22× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 5 434 NOK → 714.8k NOK (0% → 29% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 900.0k NOK → 3 650 NOK. Reported fact