FirmaIQ
Org.nr 989 254 960 2013 → 2014 Year-over-year analysis

AIRPORT RETAIL GROUP AS: årsregnskap 2014 vs 2013

Shrank 100% on revenue, cash halved-plus

approved 2015-06-30; registry 2015-10-05; journal 2015 901780

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for AIRPORT RETAIL GROUP AS. Revenue 1.02bn NOK → 1.23m NOK (-99.9%). Equity 298.16m NOK → 300.83m NOK.

On the constructive side: equity strengthened. Pressures included: revenue fell; cash fell; current ratio dropped below 1×.

Also worth watching: sharp cash drawdown; cogs fell; book investments changed. All figures are taken from the published annual accounts for AIRPORT RETAIL GROUP AS.

At a glance

Scorecard

Revenue
1.02bn NOK 1.23m NOK
-99.9%
Equity
298.16m NOK 300.83m NOK
+0.9%
Cash
47.25m NOK 5.51m NOK
-88.3%
Total assets
735.05m NOK 744.67m NOK
+1.3%

What improved

  • ↑

    Equity strengthened

    Book equity 298.16m NOK → 300.83m NOK (equity ratio 40.6% → 40.4%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.02bn NOK to 1.23m NOK (-99.9% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 47.25m NOK → 5.51m NOK (-88.3% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1.13× → 0.57× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 136.97m NOK → 13.16bn NOK (13% → 1066270% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (47.25m NOK → 5.51m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 433.44m NOK → 1.65m NOK (-99.6% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 385.72m NOK → 702.71m NOK. Reported fact