AKADEMIET VGS ÅLESUND AS: årsregnskap 2007 vs 2006
Shrank 100% on revenue, cash halved-plus
approved 2008-05-30; registry 2008-06-04
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for AKADEMIET VGS ÅLESUND AS. Revenue 8.24m NOK → 16.3k NOK (-99.8%). Equity 431.1k NOK → 434.0k NOK.
On the constructive side: equity strengthened; payroll decreased. Pressures included: revenue fell; cash fell; cogs moved.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKADEMIET VGS ÅLESUND AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 431.1k NOK → 434.0k NOK (equity ratio 16.5% → 8.7%). Calculated
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↑
Payroll decreased
Salary cost 4.63m NOK → 3 NOK (56% → 0% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 8.24m NOK to 16.3k NOK (-99.8% YoY). Calculated
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↓
Cash fell
Bank deposits 944.0k NOK → 461.8k NOK (-51.1% YoY). Calculated
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↓
COGS moved
COGS / varekostnad 95.5k NOK → 1.55m NOK (+1528.5% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 8.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation