4TRAVEL AS: årsregnskap 2008 vs 2007
Grew 49% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 4TRAVEL AS. Revenue 7.11m NOK → 10.60m NOK (+49.2%). Net result +248.5k NOK → +446.3k NOK. Equity 271.9k NOK → 718.2k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for 4TRAVEL AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 7.11m NOK to 10.60m NOK (+49.2% YoY). Calculated
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↑
Operating result improved
Operating result +66.3k NOK → +614.0k NOK (op. margin 0.9% → 5.8%). Calculated
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↑
Net result improved
Net result +248.5k NOK → +446.3k NOK (net margin 3.5% → 4.2%). Calculated
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↑
Equity strengthened
Book equity 271.9k NOK → 718.2k NOK (equity ratio 38.3% → 288.8%). Calculated
What deteriorated
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↓
Current ratio dropped below 1×
Current ratio 1.63× → 0.47× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 2.65m NOK → 2.72m NOK (37% → 26% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 6.08m NOK → 9.00m NOK (+48.1% YoY). Calculated