ACADEMEDIA EDUCATIONAL SERVICES AS: årsregnskap 2009 vs 2008
Shrank 42% on revenue, returned to profit
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ACADEMEDIA EDUCATIONAL SERVICES AS. Revenue 3.36m NOK → 1.95m NOK (-41.9%). Net result -574.8k NOK → +598.8k NOK. Equity -645.6k NOK → -646.9k NOK.
On the constructive side: turned profitable; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 574.8k NOK to a profit of 598.8k NOK. Calculated
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↑
Current ratio back above 1×
Current ratio 0.34× → 1.66×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.36m NOK to 1.95m NOK (-41.9% YoY). Calculated
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↓
Operating result weakened
Operating result -576.8k NOK → -803.9k NOK (op. margin -17.2% → -41.2%). Calculated
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↓
Equity eroded
Book equity -645.6k NOK → -646.9k NOK (equity ratio -219.9% → -72.7%). Calculated
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Payroll up without matching revenue
Salary cost 58.0k NOK → 2.23m NOK (2% → 114% of revenue). Calculated