FirmaIQ
Org.nr 993 995 614 2010 → 2011 Year-over-year analysis

3 NORSKE AS: årsregnskap 2011 vs 2010

Shrank 8% on revenue, weaker earnings

approved 2012-06-30; registry 2012-09-19; journal 2012 786589

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for 3 NORSKE AS. Revenue 858.70m NOK → 792.13m NOK (-7.8%). Net result +32.04m NOK → +24.57m NOK. Equity 791.0k NOK → 18.61m NOK.

On the constructive side: equity strengthened; cash rose; payroll decreased. Pressures included: revenue fell; net result weakened; current ratio dropped below 1×.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for 3 NORSKE AS.

At a glance

Scorecard

Revenue
858.70m NOK 792.13m NOK
-7.8%
Net result
+32.04m NOK +24.57m NOK
-23.3%
Equity
791.0k NOK 18.61m NOK
+2252.3%
Cash
32.63m NOK 35.37m NOK
+8.4%
Total assets
57.90m NOK 62.92m NOK
+8.7%

What improved

  • ↑

    Equity strengthened

    Book equity 791.0k NOK → 18.61m NOK (equity ratio 1.4% → 29.6%). Calculated

  • ↑

    Cash rose

    Bank deposits 32.63m NOK → 35.37m NOK (+8.4% YoY). Calculated

  • ↑

    Payroll decreased

    Salary cost 265.36m NOK → 6.27m NOK (31% → 1% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 858.70m NOK to 792.13m NOK (-7.8% YoY). Calculated

  • ↓

    Net result weakened

    Net result +32.04m NOK → +24.57m NOK (net margin 3.7% → 3.1%). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 1404.49× → 0.92× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 261.03m NOK → 220.84m NOK (-15.4% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 933.0k NOK → 26.0k NOK. Reported fact