AKERSHUS EIENDOM HOLDING AS: årsregnskap 2008 vs 2007
Shrank 51% on revenue, cash halved-plus, fresh owner capital
approved 2009-04-29; registry 2009-07-01
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AKERSHUS EIENDOM HOLDING AS. Revenue 153.84m NOK → 75.18m NOK (-51.1%). Equity 6 105 NOK → 11 NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for AKERSHUS EIENDOM HOLDING AS.
At a glance
Scorecard
What improved
-
↑
Owners injected capital
Paid-in equity rose 100.0k NOK → 12.06m NOK (+11.96m NOK). Reported fact
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 153.84m NOK to 75.18m NOK (-51.1% YoY). Calculated
-
↓
Equity eroded
Book equity 6 105 NOK → 11 NOK (equity ratio 2.5% → 0.0%). Calculated
-
↓
Cash fell
Bank deposits 49.04m NOK → 11.46m NOK (-76.6% YoY). Calculated
-
↓
Payroll up without matching revenue
Salary cost 18.76m NOK → 23.11m NOK (12% → 31% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (49.04m NOK → 11.46m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
Book investments changed
Investment / intangible book value 395 NOK → 13.3k NOK. Reported fact