Org.nr 979 584 296 2009 → 2010 Year-over-year analysis

4KNITS AS: årsregnskap 2010 vs 2009

Shrank 96% on revenue

approved 2011-05-16; registry 2011-06-11; journal 2011 398279

Summary

What changed

Comparing Årsregnskap 2010 with 2009 for 4KNITS AS. Revenue 1.52m NOK → 56.7k NOK (-96.3%). Equity -119.8k NOK → -48.9k NOK.

On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell.

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

At a glance

Revenue

1.52m NOK 56.7k NOK

-96.3%

Equity

-119.8k NOK -48.9k NOK

+59.2%

Cash

58.4k NOK 114.0k NOK

+95.3%

Total assets

499.9k NOK 497.7k NOK

-0.4%

↑
Equity strengthened

Book equity -119.8k NOK → -48.9k NOK (equity ratio -24.0% → -9.8%). Calculated
↑
Cash rose

Bank deposits 58.4k NOK → 114.0k NOK (+95.3% YoY). Calculated
↑
Current ratio back above 1×

Current ratio 0.82× → 1.17×. Calculated
↑
Payroll decreased

Salary cost 11.88m NOK → 2 010 NOK (782% → 4% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 1.52m NOK to 56.7k NOK (-96.3% YoY). Calculated