AIRPORT CAFE AS: årsregnskap 2019 vs 2018
Grew 22% on revenue, weaker earnings
approved 2020-06-24; registry 2020-07-04; journal 2020 534019
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRPORT CAFE AS. Revenue 5.92m NOK → 7.25m NOK (+22.5%). Net result +457.9k NOK → +156.0k NOK. Equity 621.8k NOK → 777.7k NOK.
On the constructive side: revenue rose; equity strengthened; cash rose. Pressures included: operating result weakened; net result weakened.
Also worth watching: payroll increased; cogs moved. All figures are taken from the published annual accounts for AIRPORT CAFE AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 5.92m NOK to 7.25m NOK (+22.5% YoY). Calculated
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↑
Equity strengthened
Book equity 621.8k NOK → 777.7k NOK (equity ratio 31.4% → 36.3%). Calculated
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↑
Cash rose
Bank deposits 60.6k NOK → 1.23m NOK (+1923.9% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.57× → 1.68×. Calculated
What deteriorated
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↓
Operating result weakened
Operating result +600.4k NOK → +206.1k NOK (op. margin 10.1% → 2.8%). Calculated
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↓
Net result weakened
Net result +457.9k NOK → +156.0k NOK (net margin 7.7% → 2.2%). Calculated
Things to notice
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·
Payroll increased
Salary cost 2.56m NOK → 3.74m NOK (43% → 52% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 892.5k NOK → 2.13m NOK (+138.4% YoY). Calculated