Org.nr 945 817 577 2011 → 2012 Year-over-year analysis

ABILITY KOMPETANSE AS: årsregnskap 2012 vs 2011

Shrank 11% on revenue, cash halved-plus

approved 2013-06-30; registry 2013-09-21; journal 2013 824001

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for ABILITY KOMPETANSE AS. Revenue 786.0k NOK → 700.9k NOK (-10.8%). Equity 19.6k NOK → -161.3k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cogs moved.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABILITY KOMPETANSE AS.

At a glance

Revenue

786.0k NOK 700.9k NOK

-10.8%

Net result

-83.0k NOK n/m

—

Equity

19.6k NOK -161.3k NOK

-922.1%

Cash

3 NOK 0 NOK

-100.0%

Total assets

203.3k NOK 655.1k NOK

+222.2%

↑
Payroll decreased

Salary cost 379.6k NOK → 2 NOK (48% → 0% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 786.0k NOK to 700.9k NOK (-10.8% YoY). Calculated
↓
Equity eroded

Book equity 19.6k NOK → -161.3k NOK (equity ratio 9.7% → -24.6%). Calculated
↓
COGS moved

COGS / varekostnad 83.5k NOK → 123.7k NOK (+48.1% YoY). Calculated

·
Thin equity buffer

Equity ratio is -24.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation