ABRAFAM HOLDING AS: årsregnskap 2012 vs 2011
Cash halved-plus
approved 2013-01-25; registry 2013-06-08; journal 2013 443134
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABRAFAM HOLDING AS. Revenue 0 NOK → 12.37m NOK. Equity 76.09m NOK → 83.53m NOK.
On the constructive side: revenue rose; operating result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for ABRAFAM HOLDING AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 0 NOK to 12.37m NOK. Calculated
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↑
Operating result improved
Operating result -47.2k NOK → +12.33m NOK. Calculated
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↑
Equity strengthened
Book equity 76.09m NOK → 83.53m NOK (equity ratio 72.6% → 78.2%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 549.71m NOK → 332.8k NOK (-99.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 47.79× → 0.07× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (549.71m NOK → 332.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 104250.35bn NOK → 102.42m NOK. Reported fact