2K TECH AS: årsregnskap 2016 vs 2015
Grew 1233% on revenue, stronger earnings, cash halved-plus
approved 2017-06-26; registry 2017-07-08; journal 2017 648264
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 2K TECH AS. Revenue 11.1k NOK → 147.2k NOK (+1232.6%). Net result +17.1k NOK → +87.1k NOK. Equity 114.4k NOK → 201.5k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: cash fell.
Also worth watching: book investments changed. All figures are taken from the published annual accounts for 2K TECH AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 11.1k NOK to 147.2k NOK (+1232.6% YoY). Calculated
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Operating result improved
Operating result +1 786 NOK → +78.1k NOK (op. margin 16.2% → 53.1%). Calculated
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Net result improved
Net result +17.1k NOK → +87.1k NOK (net margin 155.0% → 59.2%). Calculated
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↑
Equity strengthened
Book equity 114.4k NOK → 201.5k NOK (equity ratio 25.4% → 36.3%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 37.0k NOK → 90 NOK (-99.8% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 414.1k NOK → 438.1k NOK. Reported fact