AKADEMIET UTDANNING NORGE AS: årsregnskap 2008 vs 2007
Shrank 68% on revenue, cash halved-plus
approved 2009-06-30; registry 2009-07-16
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AKADEMIET UTDANNING NORGE AS. Revenue 236.1k NOK → 76.0k NOK (-67.8%). Equity 362.8k NOK → 277.0k NOK.
Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: paid-in equity reduced. All figures are taken from the published annual accounts for AKADEMIET UTDANNING NORGE AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 236.1k NOK to 76.0k NOK (-67.8% YoY). Calculated
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Equity eroded
Book equity 362.8k NOK → 277.0k NOK (equity ratio 63.0% → 76.3%). Calculated
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↓
Cash fell
Bank deposits 512.7k NOK → 83.0k NOK (-83.8% YoY). Calculated
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Payroll up without matching revenue
Salary cost 2 NOK → 62.1k NOK (0% → 82% of revenue). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 584.1k NOK → 520.9k NOK — check capital reduction, conversion, or reclassification. Interpretation