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Org.nr 979 584 296 2019 → 2020 Year-over-year analysis

4KNITS AS: årsregnskap 2020 vs 2019

Shrank 11% on revenue, slipped into loss

approved 2021-08-20; registry 2021-09-08; journal 2021 682813

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 4KNITS AS. Revenue 17.38m NOK → 15.40m NOK (-11.3%). Net result +572.8k NOK → -769.0k NOK. Equity 7.14m NOK → 6.37m NOK.

Pressures included: revenue fell; operating result weakened; fell into a net loss.

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

At a glance

Scorecard

Revenue
17.38m NOK 15.40m NOK
-11.3%
Operating result
+666.7k NOK -676.3k NOK
-201.4%
Net result
+572.8k NOK -769.0k NOK
-234.3%
Equity
7.14m NOK 6.37m NOK
-10.8%
Cash
3.79m NOK 3.33m NOK
-12.1%
Total assets
8.38m NOK 7.42m NOK
-11.4%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 17.38m NOK to 15.40m NOK (-11.3% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +666.7k NOK → -676.3k NOK (op. margin 3.8% → -4.4%). Calculated

  • ↓

    Fell into a net loss

    Net result flipped from 572.8k NOK profit to a loss of 769.0k NOK. Calculated

  • ↓

    Equity eroded

    Book equity 7.14m NOK → 6.37m NOK (equity ratio 85.2% → 85.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 3.79m NOK → 3.33m NOK (-12.1% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 9.10m NOK → 8.15m NOK (-10.4% YoY). Calculated