ABK VILLMARKSHYTTA AS: årsregnskap 2012 vs 2011
Shrank 81% on revenue, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABK VILLMARKSHYTTA AS. Revenue 186.9k NOK → 36.0k NOK (-80.7%). Equity 263.6k NOK → 91.2k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABK VILLMARKSHYTTA AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 186.9k NOK to 36.0k NOK (-80.7% YoY). Calculated
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↓
Operating result weakened
Operating result -88.3k NOK → -202.4k NOK (op. margin -47.2% → -562.3%). Calculated
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↓
Equity eroded
Book equity 263.6k NOK → 91.2k NOK (equity ratio 6.2% → 2.6%). Calculated
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Cash fell
Bank deposits 36.9k NOK → 149 NOK (-99.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 2.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 137.3k NOK → 86.9k NOK (-36.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 19.7k NOK → 124.20bn NOK. Reported fact