ABORA PROSJEKT AS: årsregnskap 2012 vs 2011
Grew 28% on revenue, cash halved-plus
approved 2013-06-24; registry 2013-06-29; journal 2013 506545
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABORA PROSJEKT AS. Revenue 42.47m NOK → 54.45m NOK (+28.2%). Equity 8.54m NOK → 396.3k NOK.
On the constructive side: revenue rose. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for ABORA PROSJEKT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 42.47m NOK to 54.45m NOK (+28.2% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 8.54m NOK → 396.3k NOK (equity ratio 36.1% → 2.6%). Calculated
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↓
Cash fell
Bank deposits 7.02m NOK → 2.80m NOK (-60.1% 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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·
Sharp cash drawdown
Cash fell by more than 60% YoY (7.02m NOK → 2.80m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 300.0k NOK → 114.5k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Payroll increased
Salary cost 13.64m NOK → 16.25m NOK (32% → 30% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 24.03m NOK → 32.81m NOK (+36.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 30.9k NOK → 111.7k NOK. Reported fact