ABSOR AS: årsregnskap 2013 vs 2012
Shrank 16% on revenue, weaker earnings
approved 2014-04-22; registry 2014-07-05; journal 2014 542912
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ABSOR AS. Revenue 1.38m NOK → 1.16m NOK (-15.7%). Net result +25.2k NOK → +14.6k NOK. Equity -180.9k NOK → -166.3k NOK.
On the constructive side: equity strengthened; current ratio back above 1×; payroll decreased. Pressures included: revenue fell; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for ABSOR AS.
At a glance
Scorecard
What improved
-
↑
Equity strengthened
Book equity -180.9k NOK → -166.3k NOK (equity ratio -27.5% → -35.1%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.00× → 1.00×. Calculated
-
↑
Payroll decreased
Salary cost 229.8k NOK → 111.0k NOK (17% → 10% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.38m NOK to 1.16m NOK (-15.7% YoY). Calculated
-
↓
Net result weakened
Net result +25.2k NOK → +14.6k NOK (net margin 1.8% → 1.3%). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -35.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 450.21m NOK → 611.7k NOK (-99.9% YoY). Calculated