AKADEMIET UTDANNING NORGE AS: årsregnskap 2016 vs 2015
Shrank 58% on revenue, weaker earnings, cash halved-plus
approved 2017-06-23; registry 2017-07-04; journal 2017 582737
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for AKADEMIET UTDANNING NORGE AS. Revenue 2.79m NOK → 1.17m NOK (-58.0%). Net result +108.9k NOK → +19.3k NOK. Equity -421.4k NOK → -440.6k NOK.
On the constructive side: current ratio back above 1×. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKADEMIET UTDANNING NORGE AS.
At a glance
Scorecard
What improved
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↑
Current ratio back above 1×
Current ratio 0.96× → 2.52×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.79m NOK to 1.17m NOK (-58.0% YoY). Calculated
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↓
Net result weakened
Net result +108.9k NOK → +19.3k NOK (net margin 3.9% → 1.6%). Calculated
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↓
Equity eroded
Book equity -421.4k NOK → -440.6k NOK (equity ratio -1.8% → -1.9%). Calculated
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↓
Cash fell
Bank deposits 686.1k NOK → 255.5k NOK (-62.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -1.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 1.70m NOK → 1.61m NOK (-5.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 17.50m NOK → 18.26m NOK. Reported fact