KID ASA: årsregnskap 2007 vs 2006
Mixed movements in the accounts
approved 2008-06-24; registry 2008-09-03
Summary
What changed
Comparing Årsregnskap 2007 with 2006 for KID ASA. Revenue 858.57m NOK → 839.09m NOK (-2.3%). Equity 70.42m NOK → -7.17m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for KID ASA.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 191.50m NOK → 11.19m NOK (22% → 1% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 858.57m NOK to 839.09m NOK (-2.3% YoY). Calculated
-
↓
Operating result weakened
Operating result -1.37m NOK → -3.50m NOK (op. margin -0.2% → -0.4%). Calculated
-
↓
Equity eroded
Book equity 70.42m NOK → -7.17m NOK (equity ratio 6.2% → -0.6%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 5.30× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
COGS moved
COGS / varekostnad 0 NOK → 329.8k NOK (None YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -0.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
Paid-in equity reduced
Paid-in equity fell 635.20m NOK → 70.42m NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
Book investments changed
Investment / intangible book value 1.03bn NOK → 1.03bn NOK. Reported fact