2K TECH AS: årsregnskap 2007 vs 2006
Shrank 36% on revenue, stronger earnings
approved 2008-05-18; registry 2008-05-22
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for 2K TECH AS. Revenue 1.26m NOK → 810.1k NOK (-35.7%). Net result +80.9k NOK → +279.4k NOK. Equity -258.3k NOK → 21.1k NOK.
On the constructive side: net result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened.
Net constructive year on the published lines.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +80.9k NOK → +279.4k NOK (net margin 6.4% → 34.5%). Calculated
-
↑
Equity strengthened
Book equity -258.3k NOK → 21.1k NOK (equity ratio -64.0% → 3.4%). Calculated
-
↑
Current ratio back above 1×
Current ratio 0.29× → 1.50×. Calculated
-
↑
Payroll decreased
Salary cost 821.5k NOK → 142.6k NOK (65% → 18% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 1.26m NOK to 810.1k NOK (-35.7% YoY). Calculated
-
↓
Operating result weakened
Operating result +161.8k NOK → +437 NOK (op. margin 12.8% → 0.1%). Calculated