FirmaIQ
Org.nr 989 254 960 2014 → 2015 Year-over-year analysis

AIRPORT RETAIL GROUP AS: årsregnskap 2015 vs 2014

Shrank 75% on revenue, cash halved-plus

approved 2016-06-30; registry 2016-09-01; journal 2016 887657

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for AIRPORT RETAIL GROUP AS. Revenue 1.23m NOK → 312.9k NOK (-74.6%). Equity 300.83m NOK → 183.12m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

Also worth watching: sharp cash drawdown; paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for AIRPORT RETAIL GROUP AS.

At a glance

Scorecard

Revenue
1.23m NOK 312.9k NOK
-74.6%
Equity
300.83m NOK 183.12m NOK
-39.1%
Cash
5.51m NOK 0 NOK
-100.0%
Total assets
744.67m NOK 684.29m NOK
-8.1%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 1.23m NOK to 312.9k NOK (-74.6% YoY). Calculated

  • ↓

    Equity eroded

    Book equity 300.83m NOK → 183.12m NOK (equity ratio 40.4% → 26.8%). Calculated

  • ↓

    Cash fell

    Bank deposits 5.51m NOK → 0 NOK (-100.0% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 13.16bn NOK → 13.16bn NOK (1066270% → 4207596% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (5.51m NOK → 0 NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    Paid-in equity reduced

    Paid-in equity fell 298.16m NOK → 183.12m NOK — check capital reduction, conversion, or reclassification. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 1.65m NOK → 329.2k NOK (-80.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 702.71m NOK → 623.77m NOK. Reported fact