4HUMAN QM365 AS: årsregnskap 2008 vs 2007
Grew 39% on revenue
approved 2009-03-23; registry 2009-04-27
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 4HUMAN QM365 AS. Revenue 4.53m NOK → 6.29m NOK (+38.8%). Net result +853.1k NOK → +900.6k NOK. Equity 221.8k NOK → 1 122 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 4HUMAN QM365 AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 4.53m NOK to 6.29m NOK (+38.8% YoY). Calculated
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Operating result improved
Operating result +169.5k NOK → +1.22m NOK (op. margin 3.7% → 19.4%). Calculated
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Net result improved
Net result +853.1k NOK → +900.6k NOK (net margin 18.8% → 14.3%). Calculated
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Cash rose
Bank deposits 1.19m NOK → 1.52m NOK (+27.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.22× → 1.86×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 221.8k NOK → 1 122 NOK (equity ratio 103.2% → 0.0%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 2.61m NOK → 3.68m NOK (58% → 58% of revenue). Calculated
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COGS moved
COGS / varekostnad 21.8k NOK → 46.5k NOK (+113.1% YoY). Calculated