KITRON ASA: årsregnskap 2019 vs 2018
Grew 21% on revenue, weaker earnings
approved 2020-04-23; registry 2020-06-10; journal 2020 406751
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for KITRON ASA. Revenue 82.16m NOK → 99.17m NOK (+20.7%). Net result +110.27m NOK → +132.5k NOK. Equity 460.96m NOK → 526.2k NOK.
On the constructive side: revenue rose; cash rose; current ratio back above 1×. Pressures included: net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; 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 82.16m NOK to 99.17m NOK (+20.7% YoY). Calculated
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↑
Cash rose
Bank deposits 10.17m NOK → 11.53m NOK (+13.4% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.78× → 1.06×. Calculated
What deteriorated
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↓
Net result weakened
Net result +110.27m NOK → +132.5k NOK (net margin 134.2% → 0.1%). Calculated
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↓
Equity eroded
Book equity 460.96m NOK → 526.2k NOK (equity ratio 76.1% → 65.4%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 260.45m NOK → 260.7k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS moved
COGS / varekostnad 756.2k NOK → 2.22m NOK (+193.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 442.21m NOK → 588.9k NOK. Reported fact