FirmaIQ
Org.nr 989 254 960 2010 → 2011 Year-over-year analysis

AIRPORT RETAIL GROUP AS: årsregnskap 2011 vs 2010

Mixed movements in the accounts

approved 2012-06-28; registry 2012-09-01; journal 2012 694042

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for AIRPORT RETAIL GROUP AS. Equity -4.70m NOK → -12.11m NOK.

On the constructive side: cash rose. Pressures included: operating result weakened; equity eroded.

Also worth watching: thin equity buffer; book investments changed. All figures are taken from the published annual accounts for AIRPORT RETAIL GROUP AS.

At a glance

Scorecard

Operating result
+6 NOK -1 NOK
-116.7%
Equity
-4.70m NOK -12.11m NOK
-157.6%
Cash
0 NOK 3 359 NOK
—
Total assets
71.77m NOK 89.97m NOK
+25.4%

What improved

  • ↑

    Cash rose

    Bank deposits 0 NOK → 3 359 NOK (None YoY). Calculated

What deteriorated

  • ↓

    Operating result weakened

    Operating result +6 NOK → -1 NOK. Calculated

  • ↓

    Equity eroded

    Book equity -4.70m NOK → -12.11m NOK (equity ratio -6.6% → -13.5%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -13.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation

  • ·

    Book investments changed

    Investment / intangible book value 3 NOK → 3.72m NOK. Reported fact