2K TECH AS: årsregnskap 2009 vs 2008
Shrank 66% on revenue, weaker earnings
approved 2010-06-30; registry 2010-09-09; journal 2010 730462
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 2K TECH AS. Revenue 599.0k NOK → 203.0k NOK (-66.1%). Net result +210.8k NOK → +25.6k NOK. Equity 232.0k NOK → 257.6k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 2K TECH AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 232.0k NOK → 257.6k NOK (equity ratio 103.4% → 54.8%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.44× → 1.14×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 599.0k NOK to 203.0k NOK (-66.1% YoY). Calculated
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↓
Operating result weakened
Operating result +33.5k NOK → +30.1k NOK (op. margin 5.6% → 14.8%). Calculated
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↓
Net result weakened
Net result +210.8k NOK → +25.6k NOK (net margin 35.2% → 12.6%). Calculated
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↓
Payroll up without matching revenue
Salary cost 268.0k NOK → 508.2k NOK (45% → 250% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 11.7k NOK → 517.9k NOK (+4332.0% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 89.1k NOK → 199.1k NOK. Reported fact