ABEL DIGITAL SECURITY AS: årsregnskap 2011 vs 2010
Grew 299% on revenue, returned to profit, cash halved-plus
approved 2012-06-19; registry 2012-06-28; journal 2012 479276
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABEL DIGITAL SECURITY AS. Revenue 1.60m NOK → 6.38m NOK (+298.7%). Net result -1.20m NOK → +589.8k NOK. Equity 158.6k NOK → 748.4k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABEL DIGITAL SECURITY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 1.60m NOK to 6.38m NOK (+298.7% YoY). Calculated
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Operating result improved
Operating result -1.23m NOK → +636.0k NOK (op. margin -76.6% → 10.0%). Calculated
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Turned profitable
Net result flipped from a loss of 1.20m NOK to a profit of 589.8k NOK. Calculated
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Equity strengthened
Book equity 158.6k NOK → 748.4k NOK (equity ratio 77.9% → 41.7%). Calculated
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Owners injected capital
Paid-in equity rose 286.1k NOK → 1.29m NOK (+1.00m NOK). Reported fact
What deteriorated
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↓
Cash fell
Bank deposits 587.3k NOK → 221.2k NOK (-62.3% YoY). Calculated
Things to notice
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COGS fell
COGS / varekostnad 981.1k NOK → 806.6k NOK (-17.8% YoY). Calculated