AIRPORT RETAIL GROUP AS: årsregnskap 2021 vs 2020
Shrank 45% on revenue, weaker earnings
approved 2022-06-24; registry 2022-08-20; journal 2022 888812
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for AIRPORT RETAIL GROUP AS. Revenue 665.0k NOK → 363.9k NOK (-45.3%). Net result -6.15m NOK → -12.62m NOK. Equity 9.19bn NOK → 9.12bn NOK.
On the constructive side: operating result improved. Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: paid-in equity reduced; 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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↑
Operating result improved
Operating result -2.50m NOK → -1.77m NOK (op. margin -376.5% → -485.7%). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 665.0k NOK to 363.9k NOK (-45.3% YoY). Calculated
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↓
Net result weakened
Net result -6.15m NOK → -12.62m NOK (net margin -925.0% → -3468.1%). Calculated
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↓
Equity eroded
Book equity 9.19bn NOK → 9.12bn NOK (equity ratio 3562.7% → 3898.1%). Calculated
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↓
COGS moved
COGS / varekostnad 1 665 NOK → 363.9k NOK (+21754.9% YoY). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 191.40m NOK → 120.95m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 13.18bn NOK → 13.21bn NOK. Reported fact