FirmaIQ
Org.nr 986 958 142 2014 → 2015 Year-over-year analysis

AIRPORT RETAIL NORWAY AS: årsregnskap 2015 vs 2014

Shrank 10% on revenue, weaker earnings

approved 2016-06-30; registry 2016-09-01; journal 2016 887665

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2015 with 2014 for AIRPORT RETAIL NORWAY AS. Revenue 677.86m NOK → 611.75m NOK (-9.8%). Net result +42.53m NOK → +28.22m NOK. Equity 153.01m NOK → 149.02m NOK.

On the constructive side: cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; equity eroded.

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
677.86m NOK 611.75m NOK
-9.8%
Operating result
n/m +37.99m NOK
—
Net result
+42.53m NOK +28.22m NOK
-33.6%
Equity
153.01m NOK 149.02m NOK
-2.6%
Cash
1.98m NOK 2.00m NOK
+0.8%
Total assets
543.49m NOK 511.78m NOK
-5.8%

What improved

  • ↑

    Cash rose

    Bank deposits 1.98m NOK → 2.00m NOK (+0.8% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 65.45m NOK → 64.56m NOK (10% → 11% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 677.86m NOK to 611.75m NOK (-9.8% YoY). Calculated

  • ↓

    Net result weakened

    Net result +42.53m NOK → +28.22m NOK (net margin 6.3% → 4.6%). Calculated

  • ↓

    Equity eroded

    Book equity 153.01m NOK → 149.02m NOK (equity ratio 28.2% → 29.1%). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 249.22m NOK → 226.45m NOK (-9.1% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 381.58m NOK → 380.50m NOK. Reported fact