AIRPORT RETAIL NORWAY AS: årsregnskap 2020 vs 2019
Shrank 62% on revenue, slipped into loss
approved 2021-08-31; registry 2021-10-13; journal 2021 810273
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for AIRPORT RETAIL NORWAY AS. Revenue 505.14m NOK → 190.92m NOK (-62.2%). Net result +21.39m NOK → -18.86m NOK. Equity 44.29m NOK → 44.43m NOK.
On the constructive side: equity strengthened; current ratio back above 1×; owners injected capital. Pressures included: revenue fell; operating result weakened; fell into a net loss.
Also worth watching: 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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↑
Equity strengthened
Book equity 44.29m NOK → 44.43m NOK (equity ratio 26.6% → 36.1%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.01× → 5552126.46×. Calculated
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↑
Owners injected capital
Paid-in equity rose 44.29m NOK → 44.43m NOK (+136.9k NOK). Reported fact
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↑
Payroll decreased
Salary cost 60.39m NOK → 28.20m NOK (12% → 15% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 505.14m NOK to 190.92m NOK (-62.2% YoY). Calculated
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↓
Operating result weakened
Operating result +23.94m NOK → -20.14m NOK (op. margin 4.7% → -10.5%). Calculated
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↓
Fell into a net loss
Net result flipped from 21.39m NOK profit to a loss of 18.86m NOK. Calculated
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↓
Cash fell
Bank deposits 2.04m NOK → 1.10m NOK (-46.3% YoY). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 199.58m NOK → 104.22m NOK (-47.8% YoY). Calculated