ABIA AS: årsregnskap 2012 vs 2011
Grew 64% on revenue, stronger earnings
approved 2013-06-30; registry 2013-08-17; journal 2013 641863
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABIA AS. Revenue 476.6k NOK → 779.5k NOK (+63.6%). Net result -252.3k NOK → -81.8k NOK. Equity -208.4k NOK → -290.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABIA AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 476.6k NOK to 779.5k NOK (+63.6% YoY). Calculated
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↑
Operating result improved
Operating result -349.6k NOK → -112.3k NOK (op. margin -73.4% → -14.4%). Calculated
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↑
Net result improved
Net result -252.3k NOK → -81.8k NOK (net margin -52.9% → -10.5%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -208.4k NOK → -290.2k NOK (equity ratio -46.4% → -62.7%). Calculated
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↓
Cash fell
Bank deposits 119.3k NOK → 98.7k NOK (-17.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -62.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 531.7k NOK → 616.0k NOK (112% → 79% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 923.3k NOK → 967.5k NOK (+4.8% YoY). Calculated