ACADEMEDIA EDUCATIONAL SERVICES AS: årsregnskap 2010 vs 2009
Slipped into loss
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ACADEMEDIA EDUCATIONAL SERVICES AS. Revenue 1.95m NOK → 1.89m NOK (-3.4%). Net result +598.8k NOK → -956.9k NOK. Equity -646.9k NOK → 87.8k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -646.9k NOK → 87.8k NOK (equity ratio -72.7% → 17.8%). Calculated
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↑
Payroll decreased
Salary cost 2.23m NOK → 88.3k NOK (114% → 5% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.95m NOK to 1.89m NOK (-3.4% YoY). Calculated
-
↓
Operating result weakened
Operating result -803.9k NOK → -1.71m NOK (op. margin -41.2% → -90.9%). Calculated
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↓
Fell into a net loss
Net result flipped from 598.8k NOK profit to a loss of 956.9k NOK. Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.66× → 0.15× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated