KID ASA: årsregnskap 2009 vs 2008
A steady year on the published lines
approved 2010-04-08; registry 2010-05-01
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for KID ASA. Revenue 0 NOK → 0 NOK (0.0%). Equity -767.41m NOK → -143.06m NOK.
On the constructive side: operating result improved; equity strengthened; current ratio back above 1×. Pressures included: cash fell; payroll up without matching revenue; cogs moved.
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
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↑
Operating result improved
Operating result -648.26m NOK → -1.12m NOK. Calculated
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↑
Equity strengthened
Book equity -767.41m NOK → -143.06m NOK (equity ratio -180.3% → -15329.3%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.45× → 4.67×. Calculated
What deteriorated
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↓
Cash fell
Bank deposits 2.55m NOK → 1.48m NOK (-41.8% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 11.20m NOK → 201.54m NOK. Calculated
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↓
COGS moved
COGS / varekostnad 323.01m NOK → 346.17bn NOK (+107069.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -15329.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 70.42m NOK → 35.00m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 352.08m NOK → 819.0k NOK. Reported fact