ABSOR AS: årsregnskap 2011 vs 2010
Another loss-making year
approved 2012-04-26; registry 2012-07-02; journal 2012 489641
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABSOR AS. Revenue 1.46m NOK → 1.46m NOK (+0.4%). Equity -174.4k NOK → -206.1k NOK.
On the constructive side: revenue rose; operating result improved; payroll decreased. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABSOR AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.46m NOK to 1.46m NOK (+0.4% YoY). Calculated
-
↑
Operating result improved
Operating result -126.5k NOK → +8 954 NOK (op. margin -8.7% → 0.6%). Calculated
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↑
Payroll decreased
Salary cost 505.9k NOK → 356.8k NOK (35% → 24% of revenue). Calculated
What deteriorated
-
↓
Equity eroded
Book equity -174.4k NOK → -206.1k NOK (equity ratio -25.5% → -33.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.95× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -33.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 545.5k NOK → 499.1k NOK (-8.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 18.1k NOK → 0 NOK. Reported fact