KITRON ASA: årsregnskap 2021 vs 2020
Shrank 100% on revenue, stronger earnings
approved 2022-04-27; registry 2022-06-23; journal 2022 492008
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for KITRON ASA. Revenue 113.32m NOK → 118.0k NOK (-99.9%). Net result +77.73m NOK → +133.82m NOK. Equity 391.69m NOK → 816.2k NOK.
On the constructive side: net result improved; cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; 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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Net result improved
Net result +77.73m NOK → +133.82m NOK (net margin 68.6% → 113381.5%). Calculated
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Cash rose
Bank deposits 11.72m NOK → 348.79m NOK (+2877.0% YoY). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 113.32m NOK to 118.0k NOK (-99.9% YoY). Calculated
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Operating result weakened
Operating result -23.13m NOK → -30.15m NOK (op. margin -20.4% → -25545.4%). Calculated
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Equity eroded
Book equity 391.69m NOK → 816.2k NOK (equity ratio 45617.4% → 65.9%). Calculated
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Payroll up without matching revenue
Salary cost 70.38m NOK → 71.71m NOK (62% → 60753% of revenue). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 260.74m NOK → 599.1k NOK — check capital reduction, conversion, or reclassification. Interpretation
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COGS fell
COGS / varekostnad 2.65bn NOK → 2.45bn NOK (-7.5% YoY). Calculated
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Book investments changed
Investment / intangible book value 559.77m NOK → 562.9k NOK. Reported fact