ABC THAI AS: årsregnskap 2011 vs 2010
Shrank 97% on revenue, stronger earnings
approved 2012-06-30; registry 2012-08-01; journal 2012 574260
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABC THAI AS. Revenue 934.5k NOK → 30.2k NOK (-96.8%). Net result -100.3k NOK → -11.9k NOK. Equity -195.4k NOK → -207.4k NOK.
On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABC THAI AS.
At a glance
Scorecard
What improved
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Net result improved
Net result -100.3k NOK → -11.9k NOK (net margin -10.7% → -39.6%). Calculated
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Payroll decreased
Salary cost 500.2k NOK → 487.1k NOK (54% → 1615% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 934.5k NOK to 30.2k NOK (-96.8% YoY). Calculated
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Equity eroded
Book equity -195.4k NOK → -207.4k NOK (equity ratio -121.4% → -162.8%). Calculated
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Cash fell
Bank deposits 44.4k NOK → 33.7k NOK (-24.3% YoY). Calculated
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COGS moved
COGS / varekostnad 267.7k NOK → 326.6k NOK (+22.0% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -162.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation