ABS AS: årsregnskap 2011 vs 2010
Grew 144041% on revenue, fresh owner capital
approved 2012-04-18; registry 2012-04-24; journal 2012 348643
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABS AS. Revenue 16.7k NOK → 24.11m NOK (+144040.5%). Equity 2 535 NOK → 1.85m NOK.
On the constructive side: revenue rose; equity strengthened; owners injected capital. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 16.7k NOK to 24.11m NOK (+144040.5% YoY). Calculated
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↑
Equity strengthened
Book equity 2 535 NOK → 1.85m NOK (equity ratio 14.6% → 8.3%). Calculated
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↑
Owners injected capital
Paid-in equity rose 1 990 NOK → 1.90m NOK (+1.90m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +355.6k NOK → -5 547 NOK (op. margin 2126.4% → -0.0%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.23× → 0.69× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4 930 NOK → 9.67m NOK (29% → 40% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 1 559 NOK → 10.92m NOK (+700206.6% YoY). Calculated