FirmaIQ
Org.nr 988 384 135 2020 → 2021 Year-over-year analysis

KID ASA: årsregnskap 2021 vs 2020

Shrank 13% on revenue, stronger earnings

approved 2022-05-12; registry 2022-06-04; journal 2022 298342

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2021 with 2020 for KID ASA. Revenue 16.01m NOK → 13.86m NOK (-13.4%). Net result +356.1k NOK → +268.98m NOK. Equity 902.17m NOK → 821.60m NOK.

On the constructive side: net result improved. Pressures included: revenue fell; operating result weakened; equity eroded.

Also worth watching: book investments changed. All figures are taken from the published annual accounts for KID ASA.

At a glance

Scorecard

Revenue
16.01m NOK 13.86m NOK
-13.4%
Operating result
-778.0k NOK -4.61m NOK
-492.7%
Net result
+356.1k NOK +268.98m NOK
+75434.0%
Equity
902.17m NOK 821.60m NOK
-8.9%
Cash
286.90m NOK 227.99m NOK
-20.5%
Total assets
2.46bn NOK 2.05bn NOK
-16.6%

What improved

  • ↑

    Net result improved

    Net result +356.1k NOK → +268.98m NOK (net margin 2.2% → 1940.7%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 16.01m NOK to 13.86m NOK (-13.4% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -778.0k NOK → -4.61m NOK (op. margin -4.9% → -33.3%). Calculated

  • ↓

    Equity eroded

    Book equity 902.17m NOK → 821.60m NOK (equity ratio 36.6% → 40.0%). Calculated

  • ↓

    Cash fell

    Bank deposits 286.90m NOK → 227.99m NOK (-20.5% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 1.50m NOK → 2.70m NOK (9% → 19% of revenue). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 1.52bn NOK → 1.40bn NOK. Reported fact