KITRON ASA: årsregnskap 2017 vs 2016
Grew 19% on revenue, stronger earnings, cash halved-plus
approved 2018-04-20; registry 2018-06-04; journal 2018 395055
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for KITRON ASA. Revenue 73.06m NOK → 86.78m NOK (+18.8%). Net result +74.55m NOK → +99.00m NOK. Equity 519.97m NOK → 474.51m NOK.
On the constructive side: revenue rose; net result improved; owners injected capital. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: sharp cash drawdown; cogs moved; 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 73.06m NOK to 86.78m NOK (+18.8% YoY). Calculated
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Net result improved
Net result +74.55m NOK → +99.00m NOK (net margin 102.0% → 114.1%). Calculated
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Owners injected capital
Paid-in equity rose 260.4k NOK → 260.45m NOK (+260.19m NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 519.97m NOK → 474.51m NOK (equity ratio 83.6% → 76.6%). Calculated
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↓
Cash fell
Bank deposits 34.82m NOK → 10.03m NOK (-71.2% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.22× → 0.82× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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Sharp cash drawdown
Cash fell by more than 60% YoY (34.82m NOK → 10.03m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS moved
COGS / varekostnad 348.1k NOK → 620.0k NOK (+78.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 468.47m NOK → 459.45m NOK. Reported fact