AJA FORVALTNING AS: årsregnskap 2008 vs 2007
Grew 94% on revenue, weaker earnings, cash halved-plus
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AJA FORVALTNING AS. Revenue 230.2k NOK → 446.6k NOK (+94.0%). Net result -193.0k NOK → -672.5k NOK. Equity 193.0k NOK → 370.5k NOK.
On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: operating result weakened; net result weakened; 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 AJA FORVALTNING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 230.2k NOK to 446.6k NOK (+94.0% YoY). Calculated
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Equity strengthened
Book equity 193.0k NOK → 370.5k NOK (equity ratio 0.9% → 9.7%). Calculated
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Payroll decreased
Salary cost 1.47m NOK → 4 NOK (638% → 0% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +361.5k NOK → -441.6k NOK (op. margin 157.0% → -98.9%). Calculated
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Net result weakened
Net result -193.0k NOK → -672.5k NOK (net margin -83.8% → -150.6%). Calculated
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Cash fell
Bank deposits 2.72m NOK → 270.4k NOK (-90.1% YoY). Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (2.72m NOK → 270.4k 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 750.0k NOK → 750 NOK — check capital reduction, conversion, or reclassification. Interpretation
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Book investments changed
Investment / intangible book value 0 NOK → 9.41m NOK. Reported fact