4KNITS AS: årsregnskap 2023 vs 2022
Shrank 10% on revenue, weaker earnings, cash halved-plus
approved 2024-06-28; registry 2024-07-09; journal 2024 601054
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for 4KNITS AS. Revenue 23.78m NOK → 21.40m NOK (-10.0%). Net result -271.3k NOK → -742.6k NOK. Equity 5.08m NOK → 4.33m NOK.
Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for 4KNITS AS.
At a glance
Scorecard
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 23.78m NOK to 21.40m NOK (-10.0% YoY). Calculated
-
↓
Operating result weakened
Operating result -157.5k NOK → -861.5k NOK (op. margin -0.7% → -4.0%). Calculated
-
↓
Net result weakened
Net result -271.3k NOK → -742.6k NOK (net margin -1.1% → -3.5%). Calculated
-
↓
Equity eroded
Book equity 5.08m NOK → 4.33m NOK (equity ratio 60.1% → 69.7%). Calculated
-
↓
Cash fell
Bank deposits 1.95m NOK → 162.3k NOK (-91.7% YoY). Calculated
Things to notice
-
·
Sharp cash drawdown
Cash fell by more than 60% YoY (1.95m NOK → 162.3k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
-
·
COGS fell
COGS / varekostnad 11.67m NOK → 11.47m NOK (-1.8% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 10.0k NOK → 399.6k NOK. Reported fact
-
·
Headcount (årsverk) changed
Reported FTEs 9 → 8. Reported fact