Org.nr 987 619 295 2011 → 2012 Year-over-year analysis

AKADEMIET OSLO AS: årsregnskap 2012 vs 2011

Mixed movements in the accounts

approved 2013-06-28; registry 2013-09-04; journal 2013 744228

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for AKADEMIET OSLO AS. Revenue 56.82m NOK → 54.61m NOK (-3.9%). Equity 289.2k NOK → 210.4k NOK.

On the constructive side: cash rose; payroll decreased. 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 OSLO AS.

At a glance

Revenue

56.82m NOK 54.61m NOK

-3.9%

Operating result

+1 832 NOK -36.8k NOK

-2107.5%

Net result

-114.9k NOK n/m

—

Equity

289.2k NOK 210.4k NOK

-27.3%

Cash

3.59m NOK 5.62m NOK

+56.5%

Total assets

11.97m NOK 11.73m NOK

-2.0%

↑
Cash rose

Bank deposits 3.59m NOK → 5.62m NOK (+56.5% YoY). Calculated
↑
Payroll decreased

Salary cost 28.77m NOK → 26.42m NOK (51% → 48% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 56.82m NOK to 54.61m NOK (-3.9% YoY). Calculated
↓
Operating result weakened

Operating result +1 832 NOK → -36.8k NOK (op. margin 0.0% → -0.1%). Calculated
↓
Equity eroded

Book equity 289.2k NOK → 210.4k NOK (equity ratio 2.4% → 1.8%). Calculated
↓
COGS moved

COGS / varekostnad 4.17m NOK → 5.77m NOK (+38.2% YoY). Calculated

·
Thin equity buffer

Equity ratio is 1.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation