KID ASA: årsregnskap 2023 vs 2022
Grew 39% on revenue, weaker earnings
approved 2024-04-16; registry 2024-06-10; journal 2024 441142
Summary
What changed
Comparing Årsregnskap 2023 with 2022 for KID ASA. Revenue 3.52m NOK → 4.88m NOK (+38.7%). Net result +196.59m NOK → +264.5k NOK. Equity 794.64m NOK → 805.1k NOK.
On the constructive side: revenue rose; cash rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: thin equity buffer; payroll increased; 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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↑
Revenue rose
Operating income / revenue moved from 3.52m NOK to 4.88m NOK (+38.7% YoY). Calculated
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↑
Cash rose
Bank deposits 45.72m NOK → 168.73m NOK (+269.1% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -12.84m NOK → -16.94m NOK (op. margin -364.6% → -346.9%). Calculated
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↓
Net result weakened
Net result +196.59m NOK → +264.5k NOK (net margin 5585.0% → 5.4%). Calculated
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↓
Equity eroded
Book equity 794.64m NOK → 805.1k NOK (equity ratio 43.6% → 0.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 6.54m NOK → 8.79m NOK (186% → 180% of revenue). Calculated
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·
Book investments changed
Investment / intangible book value 1.40bn NOK → 1.38bn NOK. Reported fact