A KLEVEN EIENDOM AS: årsregnskap 2010 vs 2009
Grew 12% on revenue, stronger earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for A KLEVEN EIENDOM AS. Revenue 5.65m NOK → 6.34m NOK (+12.2%). Net result +24.9k NOK → +817.2k NOK. Equity 53.55m NOK → 51.05m NOK.
On the constructive side: revenue rose; net result improved. Pressures included: operating result weakened; equity eroded; cash fell.
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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Revenue rose
Operating income / revenue moved from 5.65m NOK to 6.34m NOK (+12.2% YoY). Calculated
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↑
Net result improved
Net result +24.9k NOK → +817.2k NOK (net margin 0.4% → 12.9%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +1.42m NOK → +950.6k NOK (op. margin 25.2% → 15.0%). Calculated
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↓
Equity eroded
Book equity 53.55m NOK → 51.05m NOK (equity ratio 61.5% → 59.1%). Calculated
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↓
Cash fell
Bank deposits 2.12m NOK → 133.0k NOK (-93.7% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.12m NOK → 133.0k 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 26.78m NOK → 26.54m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 39.59m NOK → 35.55m NOK. Reported fact