ABC TAK OG BYGGSERVICE AS: årsregnskap 2011 vs 2010
Shrank 44% on revenue, weaker earnings, cash halved-plus
approved 2012-06-30; registry 2012-09-15; journal 2012 776860
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABC TAK OG BYGGSERVICE AS. Revenue 892.5k NOK → 500.1k NOK (-44.0%). Net result +22.7k NOK → +8 987 NOK. Equity -53.0k NOK → -44.0k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC TAK OG BYGGSERVICE AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity -53.0k NOK → -44.0k NOK (equity ratio -25.6% → -44.7%). Calculated
-
↑
Payroll decreased
Salary cost 5.35m NOK → 474.0k NOK (600% → 95% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 892.5k NOK to 500.1k NOK (-44.0% YoY). Calculated
-
↓
Operating result weakened
Operating result +24.7k NOK → +9 147 NOK (op. margin 2.8% → 1.8%). Calculated
-
↓
Net result weakened
Net result +22.7k NOK → +8 987 NOK (net margin 2.5% → 1.8%). Calculated
-
↓
Cash fell
Bank deposits 103.7k NOK → -19.7k NOK (-119.0% YoY). Calculated
-
↓
COGS moved
COGS / varekostnad 417.1k NOK → 844.3k NOK (+102.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -44.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation