ABELCO AS: årsregnskap 2011 vs 2010
Grew 46% on revenue
approved 2012-05-31; registry 2012-06-12; journal 2012 420225
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABELCO AS. Revenue 320.5k NOK → 468.6k NOK (+46.2%). Equity 1.06m NOK → 122.8k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABELCO AS.
At a glance
Scorecard
Revenue
320.5k NOK
468.6k NOK
+46.2%
Operating result
+143.3k NOK
n/m
—
Equity
1.06m NOK
122.8k NOK
-88.4%
Cash
141.0k NOK
178.7k NOK
+26.7%
Total assets
4.74m NOK
4.77m NOK
+0.6%
What improved
-
↑
Revenue rose
Operating income / revenue moved from 320.5k NOK to 468.6k NOK (+46.2% YoY). Calculated
-
↑
Cash rose
Bank deposits 141.0k NOK → 178.7k NOK (+26.7% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 1.06m NOK → 122.8k NOK (equity ratio 22.3% → 2.6%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation