AIRPORT HOTELLDRIFT AS: årsregnskap 2020 vs 2019
Shrank 73% on revenue, weaker earnings, cash halved-plus
approved 2021-07-17; registry 2021-09-01; journal 2021 656983
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRPORT HOTELLDRIFT AS. Revenue 51.95m NOK → 13.84m NOK (-73.4%). Net result -4.14m NOK → -11.85m NOK. Equity 11.33m NOK → 4.13m NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AIRPORT HOTELLDRIFT AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 19.51m NOK → 7.95m NOK (38% → 57% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 51.95m NOK to 13.84m NOK (-73.4% YoY). Calculated
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↓
Operating result weakened
Operating result -5.29m NOK → -12.15m NOK (op. margin -10.2% → -87.8%). Calculated
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↓
Net result weakened
Net result -4.14m NOK → -11.85m NOK (net margin -8.0% → -85.6%). Calculated
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↓
Equity eroded
Book equity 11.33m NOK → 4.13m NOK (equity ratio 44.6% → 17.5%). Calculated
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↓
Cash fell
Bank deposits 3.06m NOK → 625.8k NOK (-79.5% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.06m NOK → 625.8k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
COGS fell
COGS / varekostnad 5.45m NOK → 1.91m NOK (-65.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 27.5k NOK → 5 000 NOK. Reported fact