ABC TURBUSSER AS: årsregnskap 2011 vs 2010
Grew 21% on revenue, weaker earnings
approved 2012-06-09; registry 2012-06-28; journal 2012 479074
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABC TURBUSSER AS. Revenue 1.05m NOK → 1.28m NOK (+21.4%). Net result +242.3k NOK → +2 620 NOK. Equity -486.2k NOK → -483.6k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABC TURBUSSER AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.05m NOK to 1.28m NOK (+21.4% YoY). Calculated
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↑
Equity strengthened
Book equity -486.2k NOK → -483.6k NOK (equity ratio -50.8% → -52.0%). Calculated
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↑
Cash rose
Bank deposits 6 390 NOK → 31.2k NOK (+388.5% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +177.5k NOK → +89.8k NOK (op. margin 16.8% → 7.0%). Calculated
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↓
Net result weakened
Net result +242.3k NOK → +2 620 NOK (net margin 23.0% → 0.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -52.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 257.1k NOK → 2.25m NOK (24% → 176% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 119.6k NOK → 126.6k NOK (+5.8% YoY). Calculated