ABS EIENDOM AS: årsregnskap 2012 vs 2011
Shrank 93% on revenue, stronger earnings
approved 2013-03-04; registry 2013-03-21; journal 2013 322366
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABS EIENDOM AS. Revenue 925.5k NOK → 60.6k NOK (-93.4%). Net result +226.2k NOK → +534.1k NOK. Equity 792.2k NOK → 326.4k NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABS EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +522.9k NOK → +936.1k NOK (op. margin 56.5% → 1543.6%). Calculated
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↑
Net result improved
Net result +226.2k NOK → +534.1k NOK (net margin 24.4% → 880.8%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 925.5k NOK to 60.6k NOK (-93.4% YoY). Calculated
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↓
Equity eroded
Book equity 792.2k NOK → 326.4k NOK (equity ratio 14.0% → 5.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation