FirmaIQ
Org.nr 979 584 296 2017 → 2018 Year-over-year analysis

4KNITS AS: årsregnskap 2018 vs 2017

Stronger earnings

approved 2019-04-26; registry 2019-05-22; journal 2019 347458

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for 4KNITS AS. Revenue 21.05m NOK → 20.25m NOK (-3.8%). Net result +332.2k NOK → +1.46m NOK. Equity 5.11m NOK → 6.56m NOK.

On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; 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

Scorecard

Revenue
21.05m NOK 20.25m NOK
-3.8%
Net result
+332.2k NOK +1.46m NOK
+338.1%
Equity
5.11m NOK 6.56m NOK
+28.5%
Cash
3.53m NOK 3.71m NOK
+5.1%
Total assets
8.27m NOK 9.37m NOK
+13.3%

What improved

  • ↑

    Net result improved

    Net result +332.2k NOK → +1.46m NOK (net margin 1.6% → 7.2%). Calculated

  • ↑

    Equity strengthened

    Book equity 5.11m NOK → 6.56m NOK (equity ratio 61.8% → 70.0%). Calculated

  • ↑

    Cash rose

    Bank deposits 3.53m NOK → 3.71m NOK (+5.1% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 21.05m NOK to 20.25m NOK (-3.8% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 2.82m NOK → 2.90m NOK (13% → 14% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 10.55m NOK → 10.44m NOK (-1.0% YoY). Calculated