Org.nr 979 584 296 2006 → 2007 Year-over-year analysis

4KNITS AS: årsregnskap 2007 vs 2006

Shrank 38% on revenue

approved 2008-04-19; registry 2008-08-27

Summary

What changed

Comparing Årsregnskap 2007 with 2006 for 4KNITS AS. Revenue 5.14m NOK → 3.17m NOK (-38.3%). Equity 719.3k NOK → 268.6k NOK.

On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for 4KNITS AS.

At a glance

Revenue

5.14m NOK 3.17m NOK

-38.3%

Net result

n/m -450.8k NOK

—

Equity

719.3k NOK 268.6k NOK

-62.7%

Cash

223.8k NOK 283.0k NOK

+26.4%

Total assets

1.92m NOK 1.36m NOK

-29.0%

↓
Revenue fell

Operating income / revenue moved from 5.14m NOK to 3.17m NOK (-38.3% YoY). Calculated
↓
Equity eroded

Book equity 719.3k NOK → 268.6k NOK (equity ratio 37.5% → 19.7%). Calculated
↓
Payroll up without matching revenue

Salary cost 1.42m NOK → 2.23m NOK (28% → 70% of revenue). Calculated