AKADEMIET FREDRIKSTAD AS: årsregnskap 2008 vs 2007
Grew 65% on revenue, stronger earnings
approved 2009-05-29; registry 2009-06-11
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AKADEMIET FREDRIKSTAD AS. Revenue 5.11m NOK → 8.44m NOK (+65.3%). Net result -657.7k NOK → -158.5k NOK. Equity -873.8k NOK → -1.03m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for AKADEMIET FREDRIKSTAD AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.11m NOK to 8.44m NOK (+65.3% YoY). Calculated
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↑
Operating result improved
Operating result -652.2k NOK → -115.5k NOK (op. margin -12.8% → -1.4%). Calculated
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↑
Net result improved
Net result -657.7k NOK → -158.5k NOK (net margin -12.9% → -1.9%). Calculated
What deteriorated
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↓
Equity eroded
Book equity -873.8k NOK → -1.03m NOK (equity ratio -124.1% → -132.6%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.41× — 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 -132.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 2.98m NOK → 4.71m NOK (58% → 56% of revenue). Calculated