KID ASA: årsregnskap 2019 vs 2018
Grew 60% on revenue, stronger earnings
approved 2020-05-27; registry 2020-06-17; journal 2020 435789
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for KID ASA. Revenue 1.47bn NOK → 2.34bn NOK (+59.8%). Net result +168.7k NOK → +207.9k NOK. Equity 941.3k NOK → 1.02m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating 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 1.47bn NOK to 2.34bn NOK (+59.8% YoY). Calculated
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↑
Net result improved
Net result +168.7k NOK → +207.9k NOK (net margin 0.0% → 0.0%). Calculated
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↑
Equity strengthened
Book equity 941.3k NOK → 1.02m NOK (equity ratio 0.1% → 0.1%). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +213.1k NOK → -10.89m NOK (op. margin 0.0% → -0.5%). Calculated
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↓
Cash fell
Bank deposits 77.69m NOK → 60.94m NOK (-21.6% YoY). 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 1.37m NOK → 1.39m NOK (0% → 0% of revenue). Calculated
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COGS moved
COGS / varekostnad 14.57m NOK → 15.02m NOK (+3.1% YoY). Calculated
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Book investments changed
Investment / intangible book value 1.20bn NOK → 1.49bn NOK. Reported fact