ABELON GROUP AS: årsregnskap 2012 vs 2011
Shrank 97% on revenue, weaker earnings
approved 2013-06-30; registry 2013-09-07; journal 2013 762989
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABELON GROUP AS. Revenue 886.6k NOK → 24.5k NOK (-97.2%). Net result +125.1k NOK → +55.6k NOK. Equity 621.3k NOK → 1 176 NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ABELON GROUP AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 26.2k NOK → 75.7k NOK (+188.6% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.15× → 1.06×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 886.6k NOK to 24.5k NOK (-97.2% YoY). Calculated
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↓
Operating result weakened
Operating result +442.4k NOK → +72.9k NOK (op. margin 49.9% → 297.7%). Calculated
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↓
Net result weakened
Net result +125.1k NOK → +55.6k NOK (net margin 14.1% → 227.0%). Calculated
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↓
Equity eroded
Book equity 621.3k NOK → 1 176 NOK (equity ratio 64.6% → 0.2%). Calculated
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↓
COGS moved
COGS / varekostnad 3 300 NOK → 64.8k NOK (+1863.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 300.0k NOK → 800 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 771.0k NOK → 248.5k NOK. Reported fact