AKADEMIET VGS BISLETT AS: årsregnskap 2008 vs 2007
Grew 2513% 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 BISLETT AS. Revenue 416.8k NOK → 10.89m NOK (+2513.5%). Net result -11.4k NOK → -1.66m NOK. Equity -2.17m NOK → -3.83m NOK.
On the constructive side: revenue rose; payroll decreased. 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 BISLETT AS.
At a glance
Scorecard
What improved
-
↑
Revenue rose
Operating income / revenue moved from 416.8k NOK to 10.89m NOK (+2513.5% YoY). Calculated
-
↑
Payroll decreased
Salary cost 1.69m NOK → 9 NOK (405% → 0% of revenue). Calculated
What deteriorated
-
↓
Operating result weakened
Operating result +109.9k NOK → -665.8k NOK (op. margin 26.4% → -6.1%). Calculated
-
↓
Net result weakened
Net result -11.4k NOK → -1.66m NOK (net margin -2.7% → -15.3%). Calculated
-
↓
Equity eroded
Book equity -2.17m NOK → -3.83m NOK (equity ratio -76.8% → -116.6%). Calculated
-
↓
Cash fell
Bank deposits 440.1k NOK → 209.1k NOK (-52.5% YoY). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -116.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS moved
COGS / varekostnad 96.5k NOK → 519.3k NOK (+438.2% YoY). Calculated