Org.nr 994 985 108 2012 → 2013 Year-over-year analysis

ABS AS: årsregnskap 2013 vs 2012

Shrank 16% on revenue, cash halved-plus

approved 2014-05-20; registry 2014-06-02; journal 2014 430173

Summary

What changed

Comparing Årsregnskap 2013 with 2012 for ABS AS. Revenue 36.45m NOK → 30.80m NOK (-15.5%). Equity 3.24m NOK → 2.56m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ABS AS.

At a glance

Revenue

36.45m NOK 30.80m NOK

-15.5%

Operating result

+2.83m NOK -209.7k NOK

-107.4%

Equity

3.24m NOK 2.56m NOK

-21.0%

Cash

741.1k NOK 101.6k NOK

-86.3%

Total assets

24.86m NOK 18.39m NOK

-26.0%

↑
Payroll decreased

Salary cost 13.42m NOK → 12.48m NOK (37% → 41% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 36.45m NOK to 30.80m NOK (-15.5% YoY). Calculated
↓
Operating result weakened

Operating result +2.83m NOK → -209.7k NOK (op. margin 7.8% → -0.7%). Calculated
↓
Equity eroded

Book equity 3.24m NOK → 2.56m NOK (equity ratio 13.0% → 13.9%). Calculated
↓
Cash fell

Bank deposits 741.1k NOK → 101.6k NOK (-86.3% YoY). Calculated