KID ASA: årsregnskap 2020 vs 2019
Shrank 99% on revenue, stronger earnings
approved 2021-05-27; registry 2021-06-23; journal 2021 352145
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for KID ASA. Revenue 2.34bn NOK → 16.01m NOK (-99.3%). Net result +207.9k NOK → +356.1k NOK. Equity 1.02m NOK → 902.17m NOK.
On the constructive side: operating result improved; net result improved; equity strengthened. Pressures included: revenue fell; payroll up without matching revenue.
Also worth watching: 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 -10.89m NOK → -778.0k NOK (op. margin -0.5% → -4.9%). Calculated
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Net result improved
Net result +207.9k NOK → +356.1k NOK (net margin 0.0% → 2.2%). Calculated
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Equity strengthened
Book equity 1.02m NOK → 902.17m NOK (equity ratio 0.1% → 36.6%). Calculated
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Cash rose
Bank deposits 60.94m NOK → 286.90m NOK (+370.8% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.34bn NOK to 16.01m NOK (-99.3% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.39m NOK → 1.50m NOK (0% → 9% of revenue). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 1.49bn NOK → 1.52bn NOK. Reported fact