ABSALONSEN TRANSPORT AS: årsregnskap 2011 vs 2010
Grew 300% on revenue, weaker earnings
approved 2012-06-15; registry 2012-09-13; journal 2012 776298
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABSALONSEN TRANSPORT AS. Revenue 422.4k NOK → 1.69m NOK (+299.8%). Net result -8 001 NOK → -667.5k NOK. Equity -94.6k NOK → -762.1k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for ABSALONSEN TRANSPORT AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 422.4k NOK to 1.69m NOK (+299.8% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +116.5k NOK → -34.2k NOK (op. margin 27.6% → -2.0%). Calculated
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↓
Net result weakened
Net result -8 001 NOK → -667.5k NOK (net margin -1.9% → -39.5%). Calculated
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↓
Equity eroded
Book equity -94.6k NOK → -762.1k NOK (equity ratio -8.9% → -130.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -130.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 544.3k NOK → 606.4k NOK (129% → 36% of revenue). Calculated