FirmaIQ
Org.nr 988 930 687 2009 → 2010 Year-over-year analysis

AKADEMIET VGS BISLETT AS: årsregnskap 2010 vs 2009

Grew 21% on revenue

approved 2011-03-16; registry 2011-05-30; journal 2011 379637

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for AKADEMIET VGS BISLETT AS. Revenue 16.81m NOK → 20.28m NOK (+20.6%). Net result -2.76m NOK → -2.74m NOK. Equity -6.59m NOK → -9.33m NOK.

On the constructive side: revenue rose; operating result improved. Pressures included: 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

Revenue
16.81m NOK 20.28m NOK
+20.6%
Operating result
-2.56m NOK -2.44m NOK
+4.9%
Net result
-2.76m NOK -2.74m NOK
+0.7%
Equity
-6.59m NOK -9.33m NOK
-41.6%
Total assets
3.78m NOK 2.77m NOK
-26.9%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 16.81m NOK to 20.28m NOK (+20.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -2.56m NOK → -2.44m NOK (op. margin -15.2% → -12.0%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity -6.59m NOK → -9.33m NOK (equity ratio -174.1% → -337.0%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -337.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    COGS moved

    COGS / varekostnad 369.7k NOK → 543.3k NOK (+47.0% YoY). Calculated