ABT EIENDOM AS: årsregnskap 2012 vs 2011
Stronger earnings, cash halved-plus
approved 2013-06-30; registry 2013-08-24; journal 2013 673281
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABT EIENDOM AS. Revenue 179.0k NOK → 174.0k NOK (-2.8%). Net result +3 112 NOK → +37.2k NOK. Equity 189.9k NOK → 152.6k NOK.
On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ABT EIENDOM AS.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +3 112 NOK → +37.2k NOK (net margin 1.7% → 21.4%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 179.0k NOK to 174.0k NOK (-2.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +99.6k NOK → +49.9k NOK (op. margin 55.6% → 28.7%). Calculated
-
↓
Equity eroded
Book equity 189.9k NOK → 152.6k NOK (equity ratio 10.2% → 8.7%). Calculated
-
↓
Cash fell
Bank deposits 171.2k NOK → 71.0k NOK (-58.5% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation