KONGSBERG AUTOMOTIVE ASA: årsregnskap 2017 vs 2016
Shrank 13% on revenue, stronger earnings, fresh owner capital
approved 2018-06-05; registry 2018-06-20; journal 2018 513303
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for KONGSBERG AUTOMOTIVE ASA. Revenue 34.30m NOK → 29.90m NOK (-12.8%). Net result -11.20m NOK → -8.00m NOK. Equity 315.8k NOK → 296.20m NOK.
On the constructive side: net result improved; equity strengthened; cash rose. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for KONGSBERG AUTOMOTIVE ASA.
At a glance
Scorecard
What improved
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Net result improved
Net result -11.20m NOK → -8.00m NOK (net margin -32.7% → -26.8%). Calculated
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Equity strengthened
Book equity 315.8k NOK → 296.20m NOK (equity ratio 46.6% → 44.6%). Calculated
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Cash rose
Bank deposits 6.40m NOK → 21.25m NOK (+232.0% YoY). Calculated
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Owners injected capital
Paid-in equity rose 207.9k NOK → 191.95m NOK (+191.74m NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 34.30m NOK to 29.90m NOK (-12.8% YoY). Calculated
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Payroll up without matching revenue
Salary cost 4.20m NOK → 8.95m NOK (12% → 30% of revenue). Calculated
Things to notice
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COGS fell
COGS / varekostnad 418.75m NOK → 30.48m NOK (-92.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 630.0k NOK → 623.00m NOK. Reported fact