Org.nr 988 384 135 2007 → 2008 Year-over-year analysis

KID ASA: årsregnskap 2008 vs 2007

Shrank 100% on revenue

approved 2009-06-16; registry 2009-08-24

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for KID ASA. Revenue 839.09m NOK → 0 NOK (-100.0%). Equity -7.17m NOK → -767.41m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for KID ASA.

At a glance

Revenue

839.09m NOK 0 NOK

-100.0%

Operating result

-3.50m NOK -648.26m NOK

-18400.5%

Equity

-7.17m NOK -767.41m NOK

-10607.5%

Cash

12 NOK 2.55m NOK

+21233233.3%

Total assets

1.18bn NOK 425.52m NOK

-63.9%

↓
Revenue fell

Operating income / revenue moved from 839.09m NOK to 0 NOK (-100.0% YoY). Calculated
↓
Operating result weakened

Operating result -3.50m NOK → -648.26m NOK. Calculated
↓
Equity eroded

Book equity -7.17m NOK → -767.41m NOK (equity ratio -0.6% → -180.3%). Calculated
↓
Payroll up without matching revenue

Salary cost 11.19m NOK → 11.20m NOK. Calculated
↓
COGS moved

COGS / varekostnad 329.8k NOK → 323.01m NOK (+97830.2% YoY). Calculated

·
Thin equity buffer

Equity ratio is -180.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Book investments changed

Investment / intangible book value 1.03bn NOK → 352.08m NOK. Reported fact