AKADEMIET KRISTIANSAND AS: årsregnskap 2006 vs 2005
Shrank 90% on revenue
Summary
What changed
Comparing Årsregnskap 2006 with 2005 for AKADEMIET KRISTIANSAND AS. Revenue 762.6k NOK → 79.4k NOK (-89.6%). Equity 55.4k NOK → 25.0k NOK.
Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKADEMIET KRISTIANSAND AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 762.6k NOK to 79.4k NOK (-89.6% YoY). Calculated
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Operating result weakened
Operating result -18.2k NOK → -28.4k NOK (op. margin -2.4% → -35.8%). Calculated
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Equity eroded
Book equity 55.4k NOK → 25.0k NOK (equity ratio 15.6% → 5.3%). Calculated
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Current ratio dropped below 1×
Current ratio 1.19× → 0.87× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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Payroll up without matching revenue
Salary cost 1 244 NOK → 1.39m NOK (0% → 1750% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 5.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation