AIRPORT RETAIL GROUP AS: årsregnskap 2008 vs 2007
Grew 59844% on revenue, weaker earnings
approved 2009-05-14; registry 2009-07-14
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for AIRPORT RETAIL GROUP AS. Revenue 735 NOK → 440.6k NOK (+59843.5%). Net result +31.2k NOK → +15.4k NOK. Equity 2.13m NOK → 1.05m NOK.
On the constructive side: revenue rose. Pressures included: net result weakened; equity eroded; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AIRPORT RETAIL GROUP AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 735 NOK to 440.6k NOK (+59843.5% YoY). Calculated
What deteriorated
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↓
Net result weakened
Net result +31.2k NOK → +15.4k NOK (net margin 4242.4% → 3.5%). Calculated
-
↓
Equity eroded
Book equity 2.13m NOK → 1.05m NOK (equity ratio 99.1% → 13.4%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 107.25× → 0.24× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 81 NOK → 55.6k NOK (11% → 13% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 392 NOK → 177.2k NOK (+45101.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 711.1k NOK → 2 711 NOK. Reported fact