ABORDA STILLAS AS: årsregnskap 2011 vs 2010
Grew 9% on revenue, cash halved-plus
approved 2012-06-04; registry 2012-06-30; journal 2012 482761
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABORDA STILLAS AS. Revenue 2.59m NOK → 2.84m NOK (+9.5%). Equity 188.7k NOK → 145.7k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABORDA STILLAS AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 2.59m NOK to 2.84m NOK (+9.5% YoY). Calculated
-
↑
Operating result improved
Operating result +256.7k NOK → +404.0k NOK (op. margin 9.9% → 14.2%). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 188.7k NOK → 145.7k NOK (equity ratio 9.7% → 2.5%). Calculated
-
↓
Cash fell
Bank deposits 60.1k NOK → 6 625 NOK (-89.0% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 2.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation