ITERA ASA: årsregnskap 2018 vs 2017
Grew 16% on revenue
approved 2019-05-21; registry 2019-06-15; journal 2019 423222
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ITERA ASA. Revenue 27.13m NOK → 31.34m NOK (+15.5%). Net result +29.63m NOK → +33.57m NOK. Equity 69.56m NOK → 71.59m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for ITERA ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 27.13m NOK to 31.34m NOK (+15.5% YoY). Calculated
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↑
Net result improved
Net result +29.63m NOK → +33.57m NOK (net margin 109.2% → 107.1%). Calculated
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↑
Equity strengthened
Book equity 69.56m NOK → 71.59m NOK (equity ratio 29782.0% → 32.4%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 59.85m NOK → 45.53m NOK (-23.9% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 727.34× → 0.73× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 26.78m NOK → 15.74m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 109.95m NOK → 107.88m NOK. Reported fact