FirmaIQ
Org.nr 958 901 925 2008 → 2009 Year-over-year analysis

A. HØVIK EIENDOM AS: årsregnskap 2009 vs 2008

Cash halved-plus

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for A. HØVIK EIENDOM AS. Revenue 6.50m NOK → 6.65m NOK (+2.4%). Equity 22.05m NOK → 23.42m NOK.

On the constructive side: revenue rose; equity strengthened. Pressures included: cash fell.

Also worth watching: sharp cash drawdown; payroll increased; book investments changed. All figures are taken from the published annual accounts for A. HØVIK EIENDOM AS.

At a glance

Scorecard

Revenue
6.50m NOK 6.65m NOK
+2.4%
Equity
22.05m NOK 23.42m NOK
+6.2%
Cash
15.68m NOK 4.71m NOK
-69.9%
Total assets
68.97m NOK 64.76m NOK
-6.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 6.50m NOK to 6.65m NOK (+2.4% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 22.05m NOK → 23.42m NOK (equity ratio 32.0% → 36.2%). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 15.68m NOK → 4.71m NOK (-69.9% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (15.68m NOK → 4.71m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Payroll increased

    Salary cost 498.7k NOK → 1.10m NOK (8% → 17% of revenue). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 0 NOK → 2 500 NOK. Reported fact