ABSOLUTE BAR AS: årsregnskap 2012 vs 2011
Mixed movements in the accounts
approved 2013-05-15; registry 2013-05-29; journal 2013 416354
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABSOLUTE BAR AS. Revenue 744.0k NOK → 744.5k NOK (+0.1%). Equity -327.3k NOK → -350.5k NOK.
On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.
Also worth watching: thin equity buffer; 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 744.0k NOK to 744.5k NOK (+0.1% YoY). Calculated
-
↑
Operating result improved
Operating result -25.9k NOK → -10.1k NOK (op. margin -3.5% → -1.4%). Calculated
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↑
Cash rose
Bank deposits 23.9k NOK → 45.9k NOK (+92.1% YoY). Calculated
-
↑
Payroll decreased
Salary cost 9.14m NOK → 9 NOK (1229% → 0% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -327.3k NOK → -350.5k NOK (equity ratio -204.2% → -246.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -246.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 333.2k NOK → 354.3k NOK (+6.3% YoY). Calculated