Org.nr 958 901 925 2009 → 2010 Year-over-year analysis

A. HØVIK EIENDOM AS: årsregnskap 2010 vs 2009

Grew 13% on revenue, cash halved-plus

approved 2011-04-14; registry 2011-08-15; journal 2011 579771

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for A. HØVIK EIENDOM AS. Revenue 6.65m NOK → 7.55m NOK (+13.4%). Equity 23.42m NOK → 23.41m NOK.

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

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

At a glance

Revenue

6.65m NOK 7.55m NOK

+13.4%

Equity

23.42m NOK 23.41m NOK

-0.0%

Cash

4.71m NOK 2.23m NOK

-52.7%

Total assets

64.76m NOK 62.86m NOK

-2.9%

↑
Revenue rose

Operating income / revenue moved from 6.65m NOK to 7.55m NOK (+13.4% YoY). Calculated

↓
Equity eroded

Book equity 23.42m NOK → 23.41m NOK (equity ratio 36.2% → 37.2%). Calculated
↓
Cash fell

Bank deposits 4.71m NOK → 2.23m NOK (-52.7% YoY). Calculated

·
Payroll increased

Salary cost 1.10m NOK → 1.25m NOK (17% → 17% of revenue). Calculated
·
Book investments changed

Investment / intangible book value 2 500 NOK → 2.65m NOK. Reported fact