ABEL CONSULT AS: årsregnskap 2011 vs 2010
Weaker earnings, cash halved-plus
approved 2012-05-07; registry 2012-06-19; journal 2012 440995
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABEL CONSULT AS. Revenue 426.9k NOK → 435.1k NOK (+1.9%). Net result +237.3k NOK → +117.4k NOK. Equity 432.4k NOK → 300.2k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 426.9k NOK to 435.1k NOK (+1.9% YoY). Calculated
What deteriorated
-
↓
Net result weakened
Net result +237.3k NOK → +117.4k NOK (net margin 55.6% → 27.0%). Calculated
-
↓
Equity eroded
Book equity 432.4k NOK → 300.2k NOK (equity ratio 63.8% → 46.0%). Calculated
-
↓
Cash fell
Bank deposits 77.8k NOK → 14.4k NOK (-81.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.22× → 0.59× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated