ACADEMICA MALERENTREPRENØREN AS: årsregnskap 2009 vs 2008
Shrank 42% on revenue, slipped into loss
approved 2010-10-21; registry 2010-10-26; journal 2010 780767
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ACADEMICA MALERENTREPRENØREN AS. Revenue 22.73m NOK → 13.24m NOK (-41.8%). Net result +754.0k NOK → -861.7k NOK. Equity 880.2k NOK → -1 528 NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for ACADEMICA MALERENTREPRENØREN AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 6.54m NOK → 6.14m NOK (29% → 46% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 22.73m NOK to 13.24m NOK (-41.8% YoY). Calculated
-
↓
Operating result weakened
Operating result +2.45m NOK → -1.13m NOK (op. margin 10.8% → -8.6%). Calculated
-
↓
Fell into a net loss
Net result flipped from 754.0k NOK profit to a loss of 861.7k NOK. Calculated
-
↓
Equity eroded
Book equity 880.2k NOK → -1 528 NOK (equity ratio 11.7% → -0.0%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.12× → 0.97× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 200.0k NOK → 180.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 11.54m NOK → 704.4k NOK (-93.9% YoY). Calculated