AIRPORT RETAIL NORWAY AS: årsregnskap 2005 vs 2004
Grew 380% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for AIRPORT RETAIL NORWAY AS. Revenue 30.63m NOK → 147.06m NOK (+380.1%). Net result -2.30m NOK → -1.38m NOK. Equity 5.00m NOK → 5.78m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for AIRPORT RETAIL NORWAY AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 30.63m NOK to 147.06m NOK (+380.1% YoY). Calculated
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Net result improved
Net result -2.30m NOK → -1.38m NOK (net margin -7.5% → -0.9%). Calculated
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↑
Equity strengthened
Book equity 5.00m NOK → 5.78m NOK (equity ratio 18.2% → 24.7%). Calculated
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Owners injected capital
Paid-in equity rose 5.00m NOK → 5.78m NOK (+780.6k NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -1.85m NOK → -2.30m NOK (op. margin -6.0% → -1.6%). Calculated
Things to notice
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Payroll increased
Salary cost 7 NOK → 17.46m NOK (0% → 12% of revenue). Calculated
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COGS moved
COGS / varekostnad 13.88m NOK → 60.65m NOK (+336.8% YoY). Calculated
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Book investments changed
Investment / intangible book value 2.16m NOK → 1.91m NOK. Reported fact