AKADEMIET FREDRIKSTAD AS: årsregnskap 2010 vs 2009
Grew 9% on revenue, returned to profit
approved 2011-05-31; registry 2011-06-15; journal 2011 407694
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AKADEMIET FREDRIKSTAD AS. Revenue 9.48m NOK → 10.33m NOK (+8.9%). Net result -705.3k NOK → +464.9k NOK. Equity -1.74m NOK → -1.27m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: thin equity buffer. 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 9.48m NOK to 10.33m NOK (+8.9% YoY). Calculated
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Operating result improved
Operating result -631.4k NOK → +544.1k NOK (op. margin -6.7% → 5.3%). Calculated
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Turned profitable
Net result flipped from a loss of 705.3k NOK to a profit of 464.9k NOK. Calculated
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Equity strengthened
Book equity -1.74m NOK → -1.27m NOK (equity ratio -199.8% → -231.8%). Calculated
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Payroll decreased
Salary cost 5.90m NOK → 5.68m NOK (62% → 55% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -231.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation