ABYSSUS MARINE SERVICES AS: årsregnskap 2012 vs 2011
Shrank 11% on revenue
approved 2013-11-08; registry 2013-11-18; journal 2013 849992
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ABYSSUS MARINE SERVICES AS. Revenue 7.62m NOK → 6.81m NOK (-10.7%). Equity 10.72m NOK → 476.3k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for ABYSSUS MARINE SERVICES AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 197.3k NOK → 785.7k NOK (+298.3% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.62m NOK to 6.81m NOK (-10.7% YoY). Calculated
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↓
Equity eroded
Book equity 10.72m NOK → 476.3k NOK (equity ratio 281.6% → 7.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 4.38m NOK → 4.85m NOK (57% → 71% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 5.88m NOK → 4.97m NOK (-15.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2.37m NOK → 2.29m NOK. Reported fact