AKADEMIET OSLO AS: årsregnskap 2010 vs 2009
Grew 29% on revenue, weaker earnings
approved 2011-05-25; registry 2011-08-16; journal 2011 588594
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AKADEMIET OSLO AS. Revenue 40.87m NOK → 52.57m NOK (+28.6%). Net result -222 NOK → -59.4k NOK. Equity 463.6k NOK → 404.1k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs fell. All figures are taken from the published annual accounts for AKADEMIET OSLO AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 40.87m NOK to 52.57m NOK (+28.6% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result -222 NOK → -59.4k NOK (net margin -0.0% → -0.1%). Calculated
-
↓
Equity eroded
Book equity 463.6k NOK → 404.1k NOK (equity ratio 5.4% → 3.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 3.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 21.10m NOK → 26.19m NOK (52% → 50% of revenue). Calculated
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·
COGS fell
COGS / varekostnad 1.61m NOK → 1.24m NOK (-23.0% YoY). Calculated