Org.nr 940 973 643 2008 → 2009 Year-over-year analysis

AKADEMIKA AS: årsregnskap 2009 vs 2008

Shrank 100% on revenue, weaker earnings, cash halved-plus

approved 2010-03-17; registry 2010-09-06; journal 2010 710760

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for AKADEMIKA AS. Revenue 149.60m NOK → 169.5k NOK (-99.9%). Net result +3.11m NOK → +136.6k NOK.

Pressures included: revenue fell; net result weakened; cash fell.

Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AKADEMIKA AS.

At a glance

Revenue

149.60m NOK 169.5k NOK

-99.9%

Operating result

+522.4k NOK n/m

—

Net result

+3.11m NOK +136.6k NOK

-95.6%

Equity

n/m 10.98m NOK

—

Cash

9.12m NOK 1.97m NOK

-78.4%

Total assets

82.46m NOK 88.63m NOK

+7.5%

↓
Revenue fell

Operating income / revenue moved from 149.60m NOK to 169.5k NOK (-99.9% YoY). Calculated
↓
Net result weakened

Net result +3.11m NOK → +136.6k NOK (net margin 2.1% → 80.6%). Calculated
↓
Cash fell

Bank deposits 9.12m NOK → 1.97m NOK (-78.4% YoY). Calculated
↓
COGS moved

COGS / varekostnad 96.19m NOK → 3.11bn NOK (+3131.1% YoY). Calculated

·
Sharp cash drawdown

Cash fell by more than 60% YoY (9.12m NOK → 1.97m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
·
Book investments changed

Investment / intangible book value 7.19m NOK → 211.3k NOK. Reported fact