FirmaIQ
Org.nr 884 744 342 2010 → 2011 Year-over-year analysis

AKADEMIET VGS ÅLESUND AS: årsregnskap 2011 vs 2010

Mixed movements in the accounts

approved 2012-05-29; registry 2012-06-16; journal 2012 432882

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for AKADEMIET VGS ÅLESUND AS. Revenue 27.35m NOK → 28.05m NOK (+2.5%). Equity 566.3k NOK → 629 NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: equity eroded.

Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AKADEMIET VGS ÅLESUND AS.

At a glance

Scorecard

Revenue
27.35m NOK 28.05m NOK
+2.5%
Operating result
+33.2k NOK +62.2k NOK
+87.8%
Equity
566.3k NOK 629 NOK
-99.9%
Cash
6.34m NOK 7.70m NOK
+21.5%
Total assets
9.15m NOK 10.04m NOK
+9.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 27.35m NOK to 28.05m NOK (+2.5% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +33.2k NOK → +62.2k NOK (op. margin 0.1% → 0.2%). Calculated

  • ↑

    Cash rose

    Bank deposits 6.34m NOK → 7.70m NOK (+21.5% YoY). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.96× → 1.03×. Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 566.3k NOK → 629 NOK (equity ratio 6.2% → 0.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Payroll increased

    Salary cost 13.12m NOK → 13.54m NOK (48% → 48% of revenue). Calculated

  • ·

    COGS moved

    COGS / varekostnad 3.78m NOK → 4.52m NOK (+19.8% YoY). Calculated