ABRAKADABRA COMMUNICATION AS: årsregnskap 2011 vs 2010
Shrank 100% on revenue, returned to profit
approved 2012-09-26; registry 2012-10-02; journal 2012 792633
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABRAKADABRA COMMUNICATION AS. Revenue 854.9k NOK → 1 018 NOK (-99.9%). Net result -170.2k NOK → +59.8k NOK. Equity 1.80m NOK → 46.5k NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; equity eroded; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABRAKADABRA COMMUNICATION AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result -168.0k NOK → +126.2k NOK (op. margin -19.7% → 12394.4%). Calculated
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Turned profitable
Net result flipped from a loss of 170.2k NOK to a profit of 59.8k NOK. Calculated
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Cash rose
Bank deposits 165.8k NOK → 387.0k NOK (+133.4% YoY). Calculated
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Payroll decreased
Salary cost 468.4k NOK → 377.8k NOK (55% → 37110% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 854.9k NOK to 1 018 NOK (-99.9% YoY). Calculated
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↓
Equity eroded
Book equity 1.80m NOK → 46.5k NOK (equity ratio 184.0% → 3.6%). Calculated
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↓
COGS moved
COGS / varekostnad 73.0k NOK → 184.8k NOK (+153.0% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation