AKADEMIET UTDANNING NORGE AS: årsregnskap 2011 vs 2010
Grew 281% on revenue, stronger earnings, cash halved-plus
approved 2012-06-15; registry 2012-08-21; journal 2012 625684
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for AKADEMIET UTDANNING NORGE AS. Revenue 415.6k NOK → 1.59m NOK (+281.4%). Net result +26.9k NOK → +350.2k NOK. Equity 305.4k NOK → 100.0k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded; cash fell.
Also worth watching: paid-in equity reduced; cogs moved. All figures are taken from the published annual accounts for AKADEMIET UTDANNING NORGE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 415.6k NOK to 1.59m NOK (+281.4% YoY). Calculated
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↑
Operating result improved
Operating result +42.7k NOK → +491.0k NOK (op. margin 10.3% → 31.0%). Calculated
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↑
Net result improved
Net result +26.9k NOK → +350.2k NOK (net margin 6.5% → 22.1%). Calculated
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Payroll decreased
Salary cost 1.97m NOK → 2 NOK (474% → 0% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 305.4k NOK → 100.0k NOK (equity ratio 36.3% → 13.5%). Calculated
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↓
Cash fell
Bank deposits 274.0k NOK → 121.2k NOK (-55.8% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 520.9k NOK → 100.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 172.9k NOK → 351.4k NOK (+103.3% YoY). Calculated