AKADEMIET VGS ÅLESUND AS: årsregnskap 2013 vs 2012
Grew 6% on revenue
approved 2014-05-29; registry 2014-08-27; journal 2014 717354
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for AKADEMIET VGS ÅLESUND AS. Revenue 30.38m NOK → 32.25m NOK (+6.1%). Equity 645.72m NOK → 655.3k NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; book investments changed. All figures are taken from the published annual accounts for AKADEMIET VGS ÅLESUND AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 30.38m NOK to 32.25m NOK (+6.1% YoY). Calculated
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↑
Operating result improved
Operating result +165.34m NOK → +975.19m NOK (op. margin 544.2% → 3024.0%). Calculated
What deteriorated
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↓
Equity eroded
Book equity 645.72m NOK → 655.3k NOK (equity ratio 5130.8% → 5.4%). Calculated
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↓
Cash fell
Bank deposits 9.16m NOK → 7.10m NOK (-22.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.03× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 6.63m NOK → 5.68m NOK (-14.3% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 30.6k NOK → 13.9k NOK. Reported fact