2K TECH AS: årsregnskap 2008 vs 2007
Shrank 26% on revenue, weaker earnings
approved 2009-06-29; registry 2009-07-04
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 2K TECH AS. Revenue 810.1k NOK → 599.0k NOK (-26.1%). Net result +279.4k NOK → +210.8k NOK. Equity 21.1k NOK → 232.0k NOK.
On the constructive side: operating result improved; equity strengthened. Pressures included: revenue fell; net result weakened; current ratio dropped below 1×.
Net tougher year on the published lines.
At a glance
Scorecard
What improved
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↑
Operating result improved
Operating result +437 NOK → +33.5k NOK (op. margin 0.1% → 5.6%). Calculated
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↑
Equity strengthened
Book equity 21.1k NOK → 232.0k NOK (equity ratio 3.4% → 103.4%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 810.1k NOK to 599.0k NOK (-26.1% YoY). Calculated
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↓
Net result weakened
Net result +279.4k NOK → +210.8k NOK (net margin 34.5% → 35.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.50× → 0.44× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 142.6k NOK → 268.0k NOK (18% → 45% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 629 NOK → 11.7k NOK (+1757.9% YoY). Calculated