Org.nr 990 323 364 2010 → 2011 Year-over-year analysis

ABK MACHINES AS: årsregnskap 2011 vs 2010

Shrank 66% on revenue, slipped into loss, cash halved-plus

approved 2012-06-14; registry 2012-08-07; journal 2012 587096

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ABK MACHINES AS. Revenue 9.74m NOK → 3.35m NOK (-65.6%). Net result +173.2k NOK → -165.1k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABK MACHINES AS.

At a glance

Revenue

9.74m NOK 3.35m NOK

-65.6%

Operating result

+193.0k NOK -210.6k NOK

-209.2%

Net result

+173.2k NOK -165.1k NOK

-195.3%

Cash

346.6k NOK 142.0k NOK

-59.0%

↑
Payroll decreased

Salary cost 2.49m NOK → 349.5k NOK (26% → 10% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 9.74m NOK to 3.35m NOK (-65.6% YoY). Calculated
↓
Operating result weakened

Operating result +193.0k NOK → -210.6k NOK (op. margin 2.0% → -6.3%). Calculated
↓
Fell into a net loss

Net result flipped from 173.2k NOK profit to a loss of 165.1k NOK. Calculated
↓
Cash fell

Bank deposits 346.6k NOK → 142.0k NOK (-59.0% YoY). Calculated
↓
Current ratio dropped below 1×

Current ratio 1.10× → 0.43× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated