4KNITS AS: årsregnskap 1999 vs 1998
Shrank 165% on revenue, weaker earnings, fresh owner capital
Summary
What changed
Comparing Årsregnskap 1999 with 1998 for 4KNITS AS. Revenue 1.84m NOK → -1.20m NOK (-165.3%). Net result -134.4k NOK → -326.1k NOK. Equity 134.4k NOK → -140.5k NOK.
On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 4KNITS AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 78.1k NOK → 320.7k NOK (+310.6% YoY). Calculated
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Payroll decreased
Salary cost 542.8k NOK → 31.5k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.84m NOK to -1.20m NOK (-165.3% YoY). Calculated
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↓
Operating result weakened
Operating result +203.2k NOK → -457.6k NOK (op. margin 11.1% → 38.2%). Calculated
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↓
Net result weakened
Net result -134.4k NOK → -326.1k NOK (net margin -7.3% → 27.2%). Calculated
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↓
Equity eroded
Book equity 134.4k NOK → -140.5k NOK (equity ratio 32.4% → -21.3%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.48× → -1.24× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -21.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
COGS fell
COGS / varekostnad 704.0k NOK → 211.9k NOK (-69.9% YoY). Calculated