KID ASA: årsregnskap 2011 vs 2010
Grew 99076% on revenue, weaker earnings, cash halved-plus
approved 2012-02-09; registry 2012-02-23; journal 2012 305522
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for KID ASA. Revenue 940.1k NOK → 932.39m NOK (+99075.7%). Net result +381.71m NOK → +47.92m NOK. Equity 7.24bn NOK → 286.0k NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; sharp cash drawdown; paid-in equity reduced. All figures are taken from the published annual accounts for KID ASA.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 940.1k NOK to 932.39m NOK (+99075.7% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +381.71m NOK → +47.92m NOK (net margin 40601.2% → 5.1%). Calculated
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↓
Equity eroded
Book equity 7.24bn NOK → 286.0k NOK (equity ratio 550641.7% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 13.87m NOK → 617.0k NOK (-95.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Sharp cash drawdown
Cash fell by more than 60% YoY (13.87m NOK → 617.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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Paid-in equity reduced
Paid-in equity fell 35.00m NOK → 7.29m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 206.1k NOK → 205.37m NOK (22% → 22% of revenue). Calculated
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Book investments changed
Investment / intangible book value 1.14m NOK → 1.14bn NOK. Reported fact