KID ASA: årsregnskap 2018 vs 2017
Grew 6% on revenue, weaker earnings
approved 2019-04-10; registry 2019-07-30; journal 2019 827982
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for KID ASA. Revenue 1.38bn NOK → 1.47bn NOK (+6.1%). Net result +141.32m NOK → +168.7k NOK. Equity 916.7k NOK → 941.3k NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: operating result weakened; net result weakened; cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. 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 1.38bn NOK to 1.47bn NOK (+6.1% YoY). Calculated
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↑
Equity strengthened
Book equity 916.7k NOK → 941.3k NOK (equity ratio 0.1% → 0.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +179.69m NOK → +213.1k NOK (op. margin 13.0% → 0.0%). Calculated
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↓
Net result weakened
Net result +141.32m NOK → +168.7k NOK (net margin 10.2% → 0.0%). Calculated
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↓
Cash fell
Bank deposits 111.73m NOK → 77.69m NOK (-30.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 2.44× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 1 505 NOK → 1.37m NOK (0% → 0% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 14.55m NOK → 14.57m NOK (+0.2% YoY). Calculated