A J STANGELAND EIENDOM AS: årsregnskap 2008 vs 2007
Grew 7% on revenue, cash halved-plus
approved 2009-06-30; registry 2009-09-10
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A J STANGELAND EIENDOM AS. Revenue 1.31m NOK → 1.39m NOK (+6.6%). Net result +595.1k NOK → +590.8k NOK. Equity 3.17m NOK → 3.26m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; cash fell.
Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for A J STANGELAND EIENDOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 1.31m NOK to 1.39m NOK (+6.6% YoY). Calculated
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↑
Equity strengthened
Book equity 3.17m NOK → 3.26m NOK (equity ratio 26.4% → 29.6%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +967.7k NOK → +24.5k NOK (op. margin 74.0% → 1.8%). Calculated
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↓
Cash fell
Bank deposits 4.77m NOK → 1.01m NOK (-78.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (4.77m NOK → 1.01m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation