AIRPORT RETAIL NORWAY AS: årsregnskap 2010 vs 2009
Grew 19% on revenue
approved 2011-06-30; registry 2011-09-03; journal 2011 682483
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for AIRPORT RETAIL NORWAY AS. Revenue 389.12m NOK → 461.52m NOK (+18.6%). Net result +29.63m NOK → +24.04m NOK. Equity 13.87m NOK → 16.15m NOK.
On the constructive side: revenue rose; equity strengthened. Pressures included: net result weakened; current ratio dropped below 1×.
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 389.12m NOK to 461.52m NOK (+18.6% YoY). Calculated
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↑
Equity strengthened
Book equity 13.87m NOK → 16.15m NOK (equity ratio 12.9% → 10.2%). Calculated
What deteriorated
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↓
Net result weakened
Net result +29.63m NOK → +24.04m NOK (net margin 7.6% → 5.2%). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.12× → 0.98× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 34.33m NOK → 39.05m NOK (9% → 8% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 147.75m NOK → 164.11m NOK (+11.1% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 11.14m NOK → 20.85m NOK. Reported fact