Org.nr 979 584 296 2008 → 2009 Year-over-year analysis

4KNITS AS: årsregnskap 2009 vs 2008

Shrank 28% on revenue, cash halved-plus

approved 2010-05-25; registry 2010-09-04; journal 2010 693176

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for 4KNITS AS. Revenue 2.10m NOK → 1.52m NOK (-27.8%). Equity 146.2k NOK → -119.8k NOK.

Pressures included: revenue fell; equity eroded; cash fell.

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

At a glance

Revenue

2.10m NOK 1.52m NOK

-27.8%

Net result

-122.3k NOK n/m

—

Equity

146.2k NOK -119.8k NOK

-181.9%

Cash

125.9k NOK 58.4k NOK

-53.6%

Total assets

641.8k NOK 499.9k NOK

-22.1%

↓
Revenue fell

Operating income / revenue moved from 2.10m NOK to 1.52m NOK (-27.8% YoY). Calculated
↓
Equity eroded

Book equity 146.2k NOK → -119.8k NOK (equity ratio 22.8% → -24.0%). Calculated
↓
Cash fell

Bank deposits 125.9k NOK → 58.4k NOK (-53.6% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 2 008 NOK → 11.88m NOK (0% → 782% of revenue). Calculated

·
Thin equity buffer

Equity ratio is -24.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 663.4k NOK → 100.0k NOK (-84.9% YoY). Calculated