A KAVLI EIENDOM AS: årsregnskap 2011 vs 2010
Shrank 16% on revenue, slipped into loss
approved 2012-06-29; registry 2012-09-05; journal 2012 718119
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for A KAVLI EIENDOM AS. Revenue 517.0k NOK → 435.9k NOK (-15.7%). Net result +86.4k NOK → -693.0k NOK. Equity 64.0k NOK → -628.9k NOK.
Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for A KAVLI EIENDOM AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 517.0k NOK to 435.9k NOK (-15.7% YoY). Calculated
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Operating result weakened
Operating result +164.7k NOK → -594.4k NOK (op. margin 31.8% → -136.4%). Calculated
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Fell into a net loss
Net result flipped from 86.4k NOK profit to a loss of 693.0k NOK. Calculated
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Equity eroded
Book equity 64.0k NOK → -628.9k NOK (equity ratio 7.6% → -85.9%). Calculated
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Payroll up without matching revenue
Salary cost 490 NOK → 22.5k NOK (0% → 5% of revenue). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -85.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation