FirmaIQ
Org.nr 986 958 142 2010 → 2011 Year-over-year analysis

AIRPORT RETAIL NORWAY AS: årsregnskap 2011 vs 2010

Shrank 100% on revenue, stronger earnings

approved 2012-06-28; registry 2012-08-27; journal 2012 654925

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for AIRPORT RETAIL NORWAY AS. Revenue 461.52m NOK → 530.2k NOK (-99.9%). Net result +24.04m NOK → +40.56m NOK. Equity 16.15m NOK → 25.68m NOK.

On the constructive side: net result improved; equity strengthened. Pressures included: revenue fell; cash fell; payroll up without matching revenue.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for AIRPORT RETAIL NORWAY AS.

At a glance

Scorecard

Revenue
461.52m NOK 530.2k NOK
-99.9%
Net result
+24.04m NOK +40.56m NOK
+68.8%
Equity
16.15m NOK 25.68m NOK
+59.0%
Cash
5.01m NOK 2.80m NOK
-44.2%
Total assets
157.61m NOK 186.2k NOK
-99.9%

What improved

  • ↑

    Net result improved

    Net result +24.04m NOK → +40.56m NOK (net margin 5.2% → 7649.8%). Calculated

  • ↑

    Equity strengthened

    Book equity 16.15m NOK → 25.68m NOK (equity ratio 10.2% → 13788.7%). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 461.52m NOK to 530.2k NOK (-99.9% YoY). Calculated

  • ↓

    Cash fell

    Bank deposits 5.01m NOK → 2.80m NOK (-44.2% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 39.05m NOK → 44.88m NOK (8% → 8463% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 164.11m NOK → 196.8k NOK (-99.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 20.85m NOK → 28.09m NOK. Reported fact