AIRPORT CAFE AS: årsregnskap 2020 vs 2019
Weaker earnings
approved 2021-07-02; registry 2021-09-25; journal 2021 737479
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRPORT CAFE AS. Revenue 7.25m NOK → 6.94m NOK (-4.2%). Net result +156.0k NOK → +373 NOK. Equity 777.7k NOK → 150.7k NOK.
On the constructive side: operating result improved; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for AIRPORT CAFE AS.
At a glance
Scorecard
What improved
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Operating result improved
Operating result +206.1k NOK → +475.7k NOK (op. margin 2.8% → 6.8%). Calculated
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Payroll decreased
Salary cost 3.74m NOK → 3.24m NOK (52% → 47% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 7.25m NOK to 6.94m NOK (-4.2% YoY). Calculated
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↓
Net result weakened
Net result +156.0k NOK → +373 NOK (net margin 2.2% → 0.0%). Calculated
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↓
Equity eroded
Book equity 777.7k NOK → 150.7k NOK (equity ratio 36.3% → 6.1%). Calculated
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Cash fell
Bank deposits 1.23m NOK → 1.11m NOK (-9.2% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 6.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 2.13m NOK → 2.02m NOK (-5.1% YoY). Calculated