4KNITS AS: årsregnskap 2019 vs 2018
Shrank 14% on revenue, weaker earnings
approved 2020-06-19; registry 2020-07-13; journal 2020 568231
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 4KNITS AS. Revenue 20.25m NOK → 17.38m NOK (-14.2%). Net result +1.46m NOK → +572.8k NOK. Equity 6.56m NOK → 7.14m NOK.
On the constructive side: equity strengthened; cash rose. Pressures included: revenue fell; net result weakened; 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
What improved
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↑
Equity strengthened
Book equity 6.56m NOK → 7.14m NOK (equity ratio 70.0% → 85.2%). Calculated
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↑
Cash rose
Bank deposits 3.71m NOK → 3.79m NOK (+2.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 20.25m NOK to 17.38m NOK (-14.2% YoY). Calculated
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↓
Net result weakened
Net result +1.46m NOK → +572.8k NOK (net margin 7.2% → 3.3%). Calculated
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↓
Payroll up without matching revenue
Salary cost 2.90m NOK → 3.08m NOK (14% → 18% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 10.44m NOK → 9.10m NOK (-12.8% YoY). Calculated