ABC TOOLS AS: årsregnskap 2011 vs 2010
Shrank 100% on revenue
approved 2012-12-05; registry 2012-12-10; journal 2012 816463
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABC TOOLS AS. Revenue 1.59m NOK → 3 753 NOK (-99.8%). Equity -456.7k NOK → -1.08m NOK.
Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABC TOOLS AS.
At a glance
Scorecard
Revenue
1.59m NOK
3 753 NOK
-99.8%
Equity
-456.7k NOK
-1.08m NOK
-136.8%
Cash
49.9k NOK
n/m
—
Total assets
962.6k NOK
24.2k NOK
-97.5%
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.59m NOK to 3 753 NOK (-99.8% YoY). Calculated
-
↓
Equity eroded
Book equity -456.7k NOK → -1.08m NOK (equity ratio -47.4% → -4465.4%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -4465.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 985.9k NOK → 969.0k NOK (-1.7% YoY). Calculated