AKADEMIET FREDRIKSTAD AS: årsregnskap 2011 vs 2010
Slipped into loss
approved 2012-05-31; registry 2012-06-13; journal 2012 423237
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AKADEMIET FREDRIKSTAD AS. Revenue 10.33m NOK → 10.68m NOK (+3.4%). Net result +464.9k NOK → -314.9k NOK. Equity -1.27m NOK → -1.59m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; fell into a net loss; 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 10.33m NOK to 10.68m NOK (+3.4% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +544.1k NOK → -324.8k NOK (op. margin 5.3% → -3.0%). Calculated
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↓
Fell into a net loss
Net result flipped from 464.9k NOK profit to a loss of 314.9k NOK. Calculated
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↓
Equity eroded
Book equity -1.27m NOK → -1.59m NOK (equity ratio -231.8% → -133977.1%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -133977.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 5.68m NOK → 5.72m NOK (55% → 54% of revenue). Calculated