AJBAS AS: årsregnskap 2011 vs 2010
Cash halved-plus
approved 2012-06-15; registry 2012-09-08; journal 2012 741794
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AJBAS AS. Revenue 3.48m NOK → 3.40m NOK (-2.2%). Equity 24.6k NOK → 79.7k NOK.
On the constructive side: equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AJBAS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 24.6k NOK → 79.7k NOK (equity ratio 9.3% → 6.2%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.48m NOK to 3.40m NOK (-2.2% YoY). Calculated
-
↓
Operating result weakened
Operating result -68.5k NOK → -108.1k NOK (op. margin -2.0% → -3.2%). Calculated
-
↓
Cash fell
Bank deposits 19.3k NOK → 7 384 NOK (-61.8% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.29× → 0.02× — 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 6.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 155.0k NOK → 335 NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 1.89m NOK → 1.82m NOK (-3.6% YoY). Calculated