AKADEMIET FREDRIKSTAD AS: årsregnskap 2009 vs 2008
Grew 12% on revenue, weaker earnings
approved 2010-05-28; registry 2010-08-05; journal 2010 573611
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AKADEMIET FREDRIKSTAD AS. Revenue 8.44m NOK → 9.48m NOK (+12.3%). Net result -158.5k NOK → -705.3k NOK. Equity -1.03m NOK → -1.74m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
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 8.44m NOK to 9.48m NOK (+12.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -115.5k NOK → -631.4k NOK (op. margin -1.4% → -6.7%). Calculated
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↓
Net result weakened
Net result -158.5k NOK → -705.3k NOK (net margin -1.9% → -7.4%). Calculated
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↓
Equity eroded
Book equity -1.03m NOK → -1.74m NOK (equity ratio -132.6% → -199.8%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -199.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 4.71m NOK → 5.90m NOK (56% → 62% of revenue). Calculated