ABT AS: årsregnskap 2011 vs 2010
Shrank 63% on revenue, returned to profit
approved 2012-06-14; registry 2012-09-15; journal 2012 778402
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for ABT AS. Revenue 456.5k NOK → 169.6k NOK (-62.8%). Net result -93.5k NOK → +63.2k NOK. Equity 51.8k NOK → 3.11m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for ABT AS.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result -157.4k NOK → +95.2k NOK (op. margin -34.5% → 56.2%). Calculated
-
↑
Turned profitable
Net result flipped from a loss of 93.5k NOK to a profit of 63.2k NOK. Calculated
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↑
Equity strengthened
Book equity 51.8k NOK → 3.11m NOK (equity ratio 17.8% → 1276.6%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.49× → 1.15×. Calculated
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↑
Payroll decreased
Salary cost 493.1k NOK → 5 493 NOK (108% → 3% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 456.5k NOK to 169.6k NOK (-62.8% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 110.0k NOK → 61.4k NOK. Reported fact