KITRON ASA: årsregnskap 2022 vs 2021
Grew 14% on revenue, weaker earnings, cash halved-plus
approved 2023-04-27; registry 2023-06-20; journal 2023 476467
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for KITRON ASA. Revenue 118.0k NOK → 134.3k NOK (+13.8%). Net result +133.82m NOK → +62.44m NOK. Equity 816.2k NOK → 785.92m NOK.
On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: sharp cash drawdown; payroll increased; cogs moved. 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 118.0k NOK to 134.3k NOK (+13.8% YoY). Calculated
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↑
Equity strengthened
Book equity 816.2k NOK → 785.92m NOK (equity ratio 65.9% → 37.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.00× → 1.88×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result -30.15m NOK → -41.32m NOK (op. margin -25545.4% → -30762.9%). Calculated
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↓
Net result weakened
Net result +133.82m NOK → +62.44m NOK (net margin 113381.5% → 46490.9%). Calculated
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↓
Cash fell
Bank deposits 348.79m NOK → 43.05m NOK (-87.7% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (348.79m NOK → 43.05m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 71.71m NOK → 88.55m NOK (60753% → 65927% of revenue). Calculated
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COGS moved
COGS / varekostnad 2.45bn NOK → 4.44bn NOK (+81.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 562.9k NOK → 1.55m NOK. Reported fact