AIRPORT RETAIL NORWAY AS: årsregnskap 2019 vs 2018
Grew 8% on revenue, stronger earnings
approved 2020-04-18; registry 2020-10-14; journal 2020 940686
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for AIRPORT RETAIL NORWAY AS. Revenue 465.86m NOK → 505.14m NOK (+8.4%). Net result +17.11m NOK → +21.39m NOK. Equity 150.62m NOK → 44.29m NOK.
On the constructive side: revenue rose; net result improved; cash rose. Pressures included: equity eroded.
Also worth watching: paid-in equity reduced; payroll increased; cogs fell. 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 465.86m NOK to 505.14m NOK (+8.4% YoY). Calculated
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Net result improved
Net result +17.11m NOK → +21.39m NOK (net margin 3.7% → 4.2%). Calculated
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Cash rose
Bank deposits 1.96m NOK → 2.04m NOK (+4.0% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity 150.62m NOK → 44.29m NOK (equity ratio 27.8% → 26.6%). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 149.96m NOK → 44.29m NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 58.31m NOK → 60.39m NOK (13% → 12% of revenue). Calculated
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COGS fell
COGS / varekostnad 4.18bn NOK → 199.58m NOK (-95.2% YoY). Calculated
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Book investments changed
Investment / intangible book value 389.89m NOK → 13 NOK. Reported fact