Org.nr 886 897 502 2010 → 2011 Year-over-year analysis

AKADEMIET VGS BERGEN AS: årsregnskap 2011 vs 2010

Shrank 14% on revenue

approved 2012-02-22; registry 2012-07-05; journal 2012 500558

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for AKADEMIET VGS BERGEN AS. Revenue 11.94m NOK → 10.31m NOK (-13.7%). Equity -9.56m NOK → -11.52m NOK.

Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AKADEMIET VGS BERGEN AS.

At a glance

Revenue

11.94m NOK 10.31m NOK

-13.7%

Operating result

-420.9k NOK -1.59m NOK

-277.5%

Equity

-9.56m NOK -11.52m NOK

-20.5%

Cash

n/m 467.8k NOK

—

Total assets

1.77m NOK 1.29m NOK

-26.8%

↓
Revenue fell

Operating income / revenue moved from 11.94m NOK to 10.31m NOK (-13.7% YoY). Calculated
↓
Operating result weakened

Operating result -420.9k NOK → -1.59m NOK (op. margin -3.5% → -15.4%). Calculated
↓
Equity eroded

Book equity -9.56m NOK → -11.52m NOK (equity ratio -541.0% → -890.7%). Calculated
↓
COGS moved

COGS / varekostnad -35.8k NOK → 71.4k NOK (+299.5% YoY). Calculated

·
Thin equity buffer

Equity ratio is -890.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation