KITRON ASA: årsregnskap 2020 vs 2019
Grew 14% on revenue, stronger earnings, fresh owner capital
approved 2021-04-21; registry 2021-06-30; journal 2021 415466
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for KITRON ASA. Revenue 99.17m NOK → 113.32m NOK (+14.3%). Net result +132.5k NOK → +77.73m NOK. Equity 526.2k NOK → 391.69m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened; current ratio dropped below 1×.
Also worth watching: 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 99.17m NOK to 113.32m NOK (+14.3% YoY). Calculated
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Net result improved
Net result +132.5k NOK → +77.73m NOK (net margin 0.1% → 68.6%). Calculated
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Equity strengthened
Book equity 526.2k NOK → 391.69m NOK (equity ratio 65.4% → 45617.4%). Calculated
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Cash rose
Bank deposits 11.53m NOK → 11.72m NOK (+1.6% YoY). Calculated
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Owners injected capital
Paid-in equity rose 260.7k NOK → 260.74m NOK (+260.48m NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -19.91m NOK → -23.13m NOK (op. margin -20.1% → -20.4%). Calculated
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Current ratio dropped below 1×
Current ratio 1.06× → 0.60× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 2.22m NOK → 2.65bn NOK (+119385.7% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 588.9k NOK → 559.77m NOK. Reported fact