ABL BYGG AS: årsregnskap 2013 vs 2012
Grew 108332% on revenue, weaker earnings, cash halved-plus
approved 2014-06-25; registry 2014-06-30; journal 2014 523287
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABL BYGG AS. Revenue 1 175 NOK → 1.27m NOK (+108332.2%). Net result +178.3k NOK → +119.6k NOK. Equity 101.7k NOK → 18.0k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABL BYGG AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 1 175 NOK to 1.27m NOK (+108332.2% YoY). Calculated
-
↑
Operating result improved
Operating result -245.2k NOK → +144.2k NOK (op. margin -20870.0% → 11.3%). Calculated
What deteriorated
-
↓
Net result weakened
Net result +178.3k NOK → +119.6k NOK (net margin 15175.2% → 9.4%). Calculated
-
↓
Equity eroded
Book equity 101.7k NOK → 18.0k NOK (equity ratio 26.7% → 4.6%). Calculated
-
↓
Cash fell
Bank deposits 30.8k NOK → 1 723 NOK (-94.4% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 4.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Payroll increased
Salary cost 1 144 NOK → 1.04m NOK (97% → 82% of revenue). Calculated
-
·
COGS moved
COGS / varekostnad 91.6k NOK → 181.3k NOK (+98.0% YoY). Calculated