AKADEMIET VGS BERGEN AS: årsregnskap 2008 vs 2007
Grew 17% on revenue, weaker earnings, cash halved-plus
approved 2009-04-20; registry 2009-08-27
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AKADEMIET VGS BERGEN AS. Revenue 8.15m NOK → 9.51m NOK (+16.7%). Net result -358.0k NOK → -3.62m NOK. Equity -2.97m NOK → -6.59m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for AKADEMIET VGS BERGEN AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 8.15m NOK to 9.51m NOK (+16.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -348.0k NOK → -2.22m NOK (op. margin -4.3% → -23.4%). Calculated
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↓
Net result weakened
Net result -358.0k NOK → -3.62m NOK (net margin -4.4% → -38.1%). Calculated
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↓
Equity eroded
Book equity -2.97m NOK → -6.59m NOK (equity ratio -106.6% → -281.2%). Calculated
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↓
Cash fell
Bank deposits 574.5k NOK → 268.1k NOK (-53.3% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -281.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS moved
COGS / varekostnad 108.3k NOK → 308.3k NOK (+184.6% YoY). Calculated