ABELS GATE AS: årsregnskap 2012 vs 2011
A steady year on the published lines
approved 2013-03-26; registry 2013-06-29; journal 2013 501951
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABELS GATE AS. Revenue 551.3k NOK → 560.2k NOK (+1.6%). Net result +236.7k NOK → +259.1k NOK. Equity 841.2k NOK → 100.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABELS GATE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 551.3k NOK to 560.2k NOK (+1.6% YoY). Calculated
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↑
Operating result improved
Operating result +442.0k NOK → +466.5k NOK (op. margin 80.2% → 83.3%). Calculated
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↑
Net result improved
Net result +236.7k NOK → +259.1k NOK (net margin 42.9% → 46.2%). Calculated
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↑
Cash rose
Bank deposits 67.4k NOK → 95.6k NOK (+41.9% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 841.2k NOK → 100.2k NOK (equity ratio 26.0% → 3.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation