AKADEMIET INTERNATIONAL SCHOOL DRAMMEN AS: årsregnskap 2012 vs 2011
Grew 15% on revenue, stronger earnings, cash halved-plus
approved 2013-05-29; registry 2013-06-10; journal 2013 445239
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for AKADEMIET INTERNATIONAL SCHOOL DRAMMEN AS. Revenue 1.28m NOK → 1.48m NOK (+15.4%). Net result -760.8k NOK → -235.7k NOK. Equity -65.7k NOK → 77.3k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for AKADEMIET INTERNATIONAL SCHOOL DRAMMEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.28m NOK to 1.48m NOK (+15.4% YoY). Calculated
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Operating result improved
Operating result -1.06m NOK → -328.3k NOK (op. margin -82.3% → -22.2%). Calculated
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↑
Net result improved
Net result -760.8k NOK → -235.7k NOK (net margin -59.3% → -15.9%). Calculated
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↑
Equity strengthened
Book equity -65.7k NOK → 77.3k NOK (equity ratio -3.1% → 5.1%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 699.4k NOK → 178.2k NOK (-74.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 8.38× → 0.79× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 840.1k NOK → 93.9k NOK (-88.8% YoY). Calculated