4TRAVEL AS: årsregnskap 2009 vs 2008
Shrank 39% on revenue, weaker earnings
approved 2010-03-01; registry 2010-03-03
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for 4TRAVEL AS. Revenue 10.60m NOK → 6.43m NOK (-39.3%). Net result +446.3k NOK → +35.8k NOK. Equity 718.2k NOK → 754.1k NOK.
On the constructive side: equity strengthened; cash rose; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 4TRAVEL AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity 718.2k NOK → 754.1k NOK (equity ratio 288.8% → 65.7%). Calculated
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↑
Cash rose
Bank deposits 925.7k NOK → 948.1k NOK (+2.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.47× → 2.92×. Calculated
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↑
Payroll decreased
Salary cost 2.72m NOK → 2.68m NOK (26% → 42% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 10.60m NOK to 6.43m NOK (-39.3% YoY). Calculated
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↓
Operating result weakened
Operating result +614.0k NOK → +37.7k NOK (op. margin 5.8% → 0.6%). Calculated
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↓
Net result weakened
Net result +446.3k NOK → +35.8k NOK (net margin 4.2% → 0.6%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 9.00m NOK → 5.45m NOK (-39.4% YoY). Calculated