KID ASA: årsregnskap 2013 vs 2012
Shrank 100% on revenue, stronger earnings
approved 2014-04-30; registry 2014-06-19; journal 2014 468826
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for KID ASA. Revenue 927.92m NOK → 1.03m NOK (-99.9%). Net result +44.49m NOK → +74.25m NOK. Equity 494.4k NOK → 568.6k NOK.
On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; operating result weakened; cash fell.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for KID ASA.
At a glance
Scorecard
What improved
-
↑
Net result improved
Net result +44.49m NOK → +74.25m NOK (net margin 4.8% → 7195.9%). Calculated
-
↑
Equity strengthened
Book equity 494.4k NOK → 568.6k NOK (equity ratio 0.0% → 0.0%). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 927.92m NOK to 1.03m NOK (-99.9% YoY). Calculated
-
↓
Operating result weakened
Operating result +122.29m NOK → +148.3k NOK (op. margin 13.2% → 14.4%). Calculated
-
↓
Cash fell
Bank deposits 118.0k NOK → 95.0k NOK (-19.5% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 7.14× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 13.21m NOK → 13.23m NOK (1% → 1283% of revenue). Calculated
Things to notice
-
·
Paid-in equity reduced
Paid-in equity fell 210.88m NOK → 236.6k NOK — check capital reduction, conversion, or reclassification. Interpretation
-
·
COGS fell
COGS / varekostnad 356.36m NOK → 399.5k NOK (-99.9% YoY). Calculated