ABRA FINANCE AS: årsregnskap 2012 vs 2011
Shrank 47% on revenue, stronger earnings
approved 2013-06-25; registry 2013-09-07; journal 2013 769899
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABRA FINANCE AS. Revenue 1.21m NOK → 636.1k NOK (-47.3%). Net result -816.7k NOK → -518.3k NOK. Equity 4.59m NOK → 68.6k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -863.6k NOK → -456.4k NOK (op. margin -71.6% → -71.8%). Calculated
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↑
Net result improved
Net result -816.7k NOK → -518.3k NOK (net margin -67.7% → -81.5%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.21m NOK to 636.1k NOK (-47.3% YoY). Calculated
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↓
Equity eroded
Book equity 4.59m NOK → 68.6k NOK (equity ratio 548.2% → 10.2%). Calculated
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↓
Cash fell
Bank deposits 148.8k NOK → 77.9k NOK (-47.7% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.31× → 0.94× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 285.5k NOK → 593.9k NOK (24% → 93% of revenue). Calculated