ABSOLUTE BAR AS: årsregnskap 2011 vs 2010
Grew 179% on revenue, slipped into loss, fresh owner capital
approved 2012-09-12; registry 2012-09-19; journal 2012 786941
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABSOLUTE BAR AS. Revenue 267.0k NOK → 744.0k NOK (+178.6%). Net result +36.3k NOK → -44.3k NOK. Equity 283.1k NOK → -327.3k NOK.
On the constructive side: revenue rose; cash rose; owners injected capital. Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for ABSOLUTE BAR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 267.0k NOK to 744.0k NOK (+178.6% YoY). Calculated
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↑
Cash rose
Bank deposits 2 316 NOK → 23.9k NOK (+931.9% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 958 NOK → 958.0k NOK (+957.0k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result +12.6k NOK → -25.9k NOK (op. margin 4.7% → -3.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 36.3k NOK profit to a loss of 44.3k NOK. Calculated
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↓
Equity eroded
Book equity 283.1k NOK → -327.3k NOK (equity ratio 210.4% → -204.2%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -204.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 0 NOK → 9.14m NOK (0% → 1229% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 97.7k NOK → 333.2k NOK (+241.2% YoY). Calculated