4KNITS AS: årsregnskap 2021 vs 2020
Grew 27% on revenue, returned to profit
approved 2022-09-08; registry 2022-09-14; journal 2022 924245
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for 4KNITS AS. Revenue 15.40m NOK → 19.53m NOK (+26.8%). Net result -769.0k NOK → +82.2k NOK. Equity 6.37m NOK → 5.35m NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: equity eroded; cash fell.
Also worth watching: 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 15.40m NOK to 19.53m NOK (+26.8% YoY). Calculated
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↑
Operating result improved
Operating result -676.3k NOK → +161.5k NOK (op. margin -4.4% → 0.8%). Calculated
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↑
Turned profitable
Net result flipped from a loss of 769.0k NOK to a profit of 82.2k NOK. Calculated
What deteriorated
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↓
Equity eroded
Book equity 6.37m NOK → 5.35m NOK (equity ratio 85.8% → 66.8%). Calculated
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↓
Cash fell
Bank deposits 3.33m NOK → 3.01m NOK (-9.7% YoY). Calculated
Things to notice
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·
Payroll increased
Salary cost 3.62m NOK → 4.21m NOK (24% → 22% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 8.15m NOK → 10.66m NOK (+30.8% YoY). Calculated