FirmaIQ
Org.nr 979 584 296 2007 → 2008 Year-over-year analysis

4KNITS AS: årsregnskap 2008 vs 2007

Shrank 34% on revenue, stronger earnings, cash halved-plus

approved 2009-05-04; registry 2009-07-06

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for 4KNITS AS. Revenue 3.17m NOK → 2.10m NOK (-33.7%). Net result -450.8k NOK → -122.3k NOK. Equity 268.6k NOK → 146.2k NOK.

On the constructive side: net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

Net tougher year on the published lines.

At a glance

Scorecard

Revenue
3.17m NOK 2.10m NOK
-33.7%
Net result
-450.8k NOK -122.3k NOK
+72.9%
Equity
268.6k NOK 146.2k NOK
-45.5%
Cash
283.0k NOK 125.9k NOK
-55.5%
Total assets
1.36m NOK 641.8k NOK
-52.8%

What improved

  • ↑

    Net result improved

    Net result -450.8k NOK → -122.3k NOK (net margin -14.2% → -5.8%). Calculated

  • ↑

    Payroll decreased

    Salary cost 2.23m NOK → 2 008 NOK (70% → 0% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.17m NOK to 2.10m NOK (-33.7% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 268.6k NOK → 146.2k NOK (equity ratio 19.7% → 22.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 283.0k NOK → 125.9k NOK (-55.5% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.11× → 0.69× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    COGS moved

    COGS / varekostnad 281.1k NOK → 663.4k NOK (+136.0% YoY). Calculated