A KLEVEN EIENDOM AS: årsregnskap 2008 vs 2007
Slipped into loss, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for A KLEVEN EIENDOM AS. Revenue 5.59m NOK → 5.51m NOK (-1.5%). Net result +23.94m NOK → -264.3k NOK. Equity 57.09m NOK → 53.53m NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for A KLEVEN EIENDOM AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +1.82m NOK → +1.84m NOK (op. margin 32.5% → 33.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.59m NOK to 5.51m NOK (-1.5% YoY). Calculated
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Fell into a net loss
Net result flipped from 23.94m NOK profit to a loss of 264.3k NOK. Calculated
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↓
Equity eroded
Book equity 57.09m NOK → 53.53m NOK (equity ratio 64.5% → 61.2%). Calculated
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↓
Cash fell
Bank deposits 2.39m NOK → 52.9k NOK (-97.8% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.39m NOK → 52.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 27.03m NOK → 26.78m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 39.30m NOK → 35.56m NOK. Reported fact