FirmaIQ
Org.nr 988 384 135 2021 → 2022 Year-over-year analysis

KID ASA: årsregnskap 2022 vs 2021

Shrank 75% on revenue, weaker earnings, cash halved-plus

approved 2023-05-11; registry 2023-06-06; journal 2023 426200

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2022 with 2021 for KID ASA. Revenue 13.86m NOK → 3.52m NOK (-74.6%). Net result +268.98m NOK → +196.59m NOK. Equity 821.60m NOK → 794.64m NOK.

Pressures included: revenue fell; operating result weakened; net result weakened.

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

At a glance

Scorecard

Revenue
13.86m NOK 3.52m NOK
-74.6%
Operating result
-4.61m NOK -12.84m NOK
-178.4%
Net result
+268.98m NOK +196.59m NOK
-26.9%
Equity
821.60m NOK 794.64m NOK
-3.3%
Cash
227.99m NOK 45.72m NOK
-79.9%
Total assets
2.05bn NOK 1.82bn NOK
-11.3%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 13.86m NOK to 3.52m NOK (-74.6% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result -4.61m NOK → -12.84m NOK (op. margin -33.3% → -364.6%). Calculated

  • ↓

    Net result weakened

    Net result +268.98m NOK → +196.59m NOK (net margin 1940.7% → 5585.0%). Calculated

  • ↓

    Equity eroded

    Book equity 821.60m NOK → 794.64m NOK (equity ratio 40.0% → 43.6%). Calculated

  • ↓

    Cash fell

    Bank deposits 227.99m NOK → 45.72m NOK (-79.9% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (227.99m NOK → 45.72m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Book investments changed

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