ABEL FINANS AS: årsregnskap 2012 vs 2011
Shrank 100% on revenue, stronger earnings
approved 2013-03-14; registry 2013-03-23; journal 2013 324857
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABEL FINANS AS. Revenue 570.98m NOK → 615.9k NOK (-99.9%). Net result +270.2k NOK → +346.7k NOK. Equity 1.72m NOK → 1.67m NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABEL FINANS AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +349.8k NOK → +466.3k NOK (op. margin 0.1% → 75.7%). Calculated
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↑
Net result improved
Net result +270.2k NOK → +346.7k NOK (net margin 0.0% → 56.3%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 570.98m NOK to 615.9k NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 1.72m NOK → 1.67m NOK (equity ratio 80.0% → 75.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 59.06× → 0.73× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 462.0k NOK → 695.3k NOK. Reported fact