KITRON ASA: årsregnskap 2015 vs 2014
Grew 15% on revenue, stronger earnings
approved 2016-04-21; registry 2016-06-01; journal 2016 451055
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for KITRON ASA. Revenue 59.69m NOK → 68.84m NOK (+15.3%). Net result +24.29m NOK → +72.22m NOK. Equity 517.62m NOK → 539.1k NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for KITRON ASA.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 59.69m NOK to 68.84m NOK (+15.3% YoY). Calculated
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↑
Operating result improved
Operating result +30.04m NOK → +102.74m NOK (op. margin 50.3% → 149.2%). Calculated
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Net result improved
Net result +24.29m NOK → +72.22m NOK (net margin 40.7% → 104.9%). Calculated
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Cash rose
Bank deposits 12.21m NOK → 30.60m NOK (+150.7% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.92× → 1.42×. Calculated
What deteriorated
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↓
Equity eroded
Book equity 517.62m NOK → 539.1k NOK (equity ratio 89.0% → 83.0%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 114.61m NOK → 244.1k NOK (-99.8% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 460.43m NOK → 476.8k NOK. Reported fact