4KNITS AS: årsregnskap 2015 vs 2014
Grew 40% on revenue, cash halved-plus
approved 2016-08-24; registry 2016-09-14; journal 2016 945036
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for 4KNITS AS. Revenue 12.85m NOK → 17.93m NOK (+39.6%). Equity 2.78m NOK → 3.08m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. All figures are taken from the published annual accounts for 4KNITS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 12.85m NOK to 17.93m NOK (+39.6% YoY). Calculated
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↑
Equity strengthened
Book equity 2.78m NOK → 3.08m NOK (equity ratio 1302.4% → 46.5%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.65× → 1.90×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 3.94m NOK → 802.2k NOK (-79.6% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.94m NOK → 802.2k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 1.80m NOK → 2.46m NOK (14% → 14% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 940.6k NOK → 10.49m NOK (+1015.7% YoY). Calculated