AKADEMIET VGS MØRE AS: årsregnskap 2008 vs 2007
Grew 60% on revenue
approved 2009-05-29; registry 2009-06-06
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AKADEMIET VGS MØRE AS. Revenue 6.12m NOK → 9.80m NOK (+59.9%). Equity 196.7k NOK → 176.5k NOK.
On the constructive side: revenue rose; operating result improved; current ratio back above 1×. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for AKADEMIET VGS MØRE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 6.12m NOK to 9.80m NOK (+59.9% YoY). Calculated
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↑
Operating result improved
Operating result -44.4k NOK → +2 009 NOK (op. margin -0.7% → 0.0%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.93× → 1.06×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 196.7k NOK → 176.5k NOK (equity ratio 10.7% → 5.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 5.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 3.69m NOK → 6.12m NOK (60% → 62% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 121.9k NOK → 519.8k NOK (+326.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 199.4k NOK → 82.5k NOK. Reported fact