ABEL DIGITAL SECURITY AS: årsregnskap 2012 vs 2011
Shrank 64% on revenue, weaker earnings
approved 2013-06-11; registry 2013-10-09; journal 2013 838177
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABEL DIGITAL SECURITY AS. Revenue 6.38m NOK → 2.29m NOK (-64.1%). Net result +589.8k NOK → +108.1k NOK. Equity 748.4k NOK → 856.4k NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
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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↑
Equity strengthened
Book equity 748.4k NOK → 856.4k NOK (equity ratio 41.7% → 45.0%). Calculated
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↑
Cash rose
Bank deposits 221.2k NOK → 680.1k NOK (+207.4% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 6.38m NOK to 2.29m NOK (-64.1% YoY). Calculated
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↓
Operating result weakened
Operating result +636.0k NOK → +107.4k NOK (op. margin 10.0% → 4.7%). Calculated
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↓
Net result weakened
Net result +589.8k NOK → +108.1k NOK (net margin 9.2% → 4.7%). Calculated
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↓
Payroll up without matching revenue
Salary cost 4 NOK → 4.86m NOK (0% → 212% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 806.6k NOK → 539.9k NOK (-33.1% YoY). Calculated