ABITAR AS: årsregnskap 2013 vs 2012
Shrank 89% on revenue
approved 2014-06-30; registry 2014-09-04; journal 2014 767591
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABITAR AS. Revenue 7.94m NOK → 900.0k NOK (-88.7%). Equity -1.37m NOK → -1.43m NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABITAR AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -1.13m NOK → +40.1k NOK (op. margin -14.2% → 4.5%). Calculated
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↑
Payroll decreased
Salary cost 7.20m NOK → 7.14m NOK (91% → 793% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.94m NOK to 900.0k NOK (-88.7% YoY). Calculated
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↓
Equity eroded
Book equity -1.37m NOK → -1.43m NOK (equity ratio -26.6% → -34.7%). Calculated
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↓
Cash fell
Bank deposits 21.0k NOK → 12.4k NOK (-40.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -34.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 8.87m NOK → 5.72m NOK (-35.5% YoY). Calculated