AIRPORT RETAIL NORWAY AS: årsregnskap 2009 vs 2008
Grew 9% on revenue, stronger earnings
approved 2010-06-30; registry 2010-09-14; journal 2010 753338
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for AIRPORT RETAIL NORWAY AS. Revenue 357.34m NOK → 389.12m NOK (+8.9%). Net result +17.70m NOK → +29.63m NOK. Equity 10.33m NOK → 13.87m NOK.
On the constructive side: revenue rose; operating result improved; net result improved.
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 357.34m NOK to 389.12m NOK (+8.9% YoY). Calculated
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↑
Operating result improved
Operating result +34.61m NOK → +38.20m NOK (op. margin 9.7% → 9.8%). Calculated
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↑
Net result improved
Net result +17.70m NOK → +29.63m NOK (net margin 5.0% → 7.6%). Calculated
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↑
Equity strengthened
Book equity 10.33m NOK → 13.87m NOK (equity ratio 10.3% → 12.9%). Calculated
Things to notice
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·
Payroll increased
Salary cost 34.06m NOK → 34.33m NOK (10% → 9% of revenue). Calculated
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COGS moved
COGS / varekostnad 136.22m NOK → 147.75m NOK (+8.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 19.24m NOK → 11.14m NOK. Reported fact