FirmaIQ
Org.nr 988 930 687 2008 → 2009 Year-over-year analysis

AKADEMIET VGS BISLETT AS: årsregnskap 2009 vs 2008

Grew 54% on revenue, weaker earnings

approved 2010-05-21; registry 2010-07-28; journal 2010 555308

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AKADEMIET VGS BISLETT AS. Revenue 10.89m NOK → 16.81m NOK (+54.4%). Net result -1.66m NOK → -2.76m NOK. Equity -3.83m 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 fell. All figures are taken from the published annual accounts for AKADEMIET VGS BISLETT AS.

At a glance

Scorecard

Revenue
10.89m NOK 16.81m NOK
+54.4%
Operating result
-665.8k NOK -2.56m NOK
-284.9%
Net result
-1.66m NOK -2.76m NOK
-66.1%
Equity
-3.83m NOK -6.59m NOK
-72.1%
Cash
209.1k NOK n/m
—
Total assets
3.28m NOK 3.78m NOK
+15.2%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 10.89m NOK to 16.81m NOK (+54.4% YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result -665.8k NOK → -2.56m NOK (op. margin -6.1% → -15.2%). Calculated

  • ↓

    Net result weakened

    Net result -1.66m NOK → -2.76m NOK (net margin -15.3% → -16.4%). Calculated

  • ↓

    Equity eroded

    Book equity -3.83m NOK → -6.59m NOK (equity ratio -116.6% → -174.1%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -174.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 519.3k NOK → 369.7k NOK (-28.8% YoY). Calculated