AKADEMIET VGS MØRE AS: årsregnskap 2009 vs 2008
Grew 6% on revenue
approved 2010-05-31; registry 2010-06-05; journal 2010 404362
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AKADEMIET VGS MØRE AS. Revenue 9.80m NOK → 10.38m NOK (+6.0%). Equity 176.5k NOK → -364.2k NOK.
On the constructive side: revenue rose; payroll decreased. Pressures included: operating result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell; book investments changed. 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 9.80m NOK to 10.38m NOK (+6.0% YoY). Calculated
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↑
Payroll decreased
Salary cost 6.12m NOK → 5.73m NOK (62% → 55% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +2 009 NOK → -705.9k NOK (op. margin 0.0% → -6.8%). Calculated
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↓
Equity eroded
Book equity 176.5k NOK → -364.2k NOK (equity ratio 5.9% → -11.1%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.06× → 0.74× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -11.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 519.8k NOK → 507.0k NOK (-2.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 82.5k NOK → 1 NOK. Reported fact