A KLEVEN EIENDOM AS: årsregnskap 2017 vs 2016
Weaker earnings, cash halved-plus
approved 2018-05-07; registry 2018-06-19; journal 2018 505845
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for A KLEVEN EIENDOM AS. Revenue 2.20m NOK → 2.23m NOK (+1.7%). Net result -212.4k NOK → -9.27m NOK. Equity 21.14m NOK → 11.92m NOK.
On the constructive side: revenue rose; operating result improved; owners injected capital. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: sharp cash drawdown; 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 2.20m NOK to 2.23m NOK (+1.7% YoY). Calculated
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↑
Operating result improved
Operating result -75.0k NOK → +435.6k NOK (op. margin -3.4% → 19.5%). Calculated
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Owners injected capital
Paid-in equity rose 8.11m NOK → 8.17m NOK (+55.2k NOK). Reported fact
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Payroll decreased
Salary cost 4.97m NOK → 4.65m NOK (226% → 208% of revenue). Calculated
What deteriorated
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↓
Net result weakened
Net result -212.4k NOK → -9.27m NOK (net margin -9.7% → -415.2%). Calculated
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↓
Equity eroded
Book equity 21.14m NOK → 11.92m NOK (equity ratio 71.9% → 61.1%). Calculated
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↓
Cash fell
Bank deposits 2.66m NOK → 616.0k NOK (-76.8% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (2.66m NOK → 616.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 9.80m NOK → 6.33m NOK. Reported fact