AKADEMIET VGS ÅLESUND AS: årsregnskap 2018 vs 2017
Grew 30% on revenue, stronger earnings
approved 2019-05-27; registry 2019-06-17; journal 2019 456953
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AKADEMIET VGS ÅLESUND AS. Revenue 39.57m NOK → 51.26m NOK (+29.5%). Net result +192.2k NOK → +11.27m NOK. Equity 694.9k NOK → 11 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AKADEMIET VGS ÅLESUND AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 39.57m NOK to 51.26m NOK (+29.5% YoY). Calculated
-
↑
Operating result improved
Operating result +174.3k NOK → +11.27m NOK (op. margin 0.4% → 22.0%). Calculated
-
↑
Net result improved
Net result +192.2k NOK → +11.27m NOK (net margin 0.5% → 22.0%). Calculated
-
↑
Cash rose
Bank deposits 18.20m NOK → 22.70m NOK (+24.7% YoY). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.98× → 2.90×. Calculated
What deteriorated
-
↓
Equity eroded
Book equity 694.9k NOK → 11 NOK (equity ratio 3.3% → 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
-
·
Book investments changed
Investment / intangible book value 38.29m NOK → 46.27m NOK. Reported fact