ACADEMEDIA EDUCATIONAL SERVICES AS: årsregnskap 2008 vs 2007
Another loss-making year
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ACADEMEDIA EDUCATIONAL SERVICES AS. Net result -514.0k NOK → -574.8k NOK. Equity -70.9k NOK → -645.6k NOK.
On the constructive side: payroll decreased. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ACADEMEDIA EDUCATIONAL SERVICES AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 71.7k NOK → 58.0k NOK. Calculated
What deteriorated
-
↓
Operating result weakened
Operating result -504.8k NOK → -576.8k NOK. Calculated
-
↓
Net result weakened
Net result -514.0k NOK → -574.8k NOK. Calculated
-
↓
Equity eroded
Book equity -70.9k NOK → -645.6k NOK (equity ratio -17.8% → -219.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -219.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation