FirmaIQ
Org.nr 993 995 614 2011 → 2012 Year-over-year analysis

3 NORSKE AS: årsregnskap 2012 vs 2011

Shrank 100% on revenue, cash halved-plus

approved 2013-06-28; registry 2013-08-29; journal 2013 701199

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for 3 NORSKE AS. Revenue 792.13m NOK → 846.7k NOK (-99.9%). Net result +24.57m NOK → +21.33m NOK. Equity 18.61m NOK → 16.51m NOK.

Pressures included: revenue fell; net result weakened; equity eroded.

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

At a glance

Scorecard

Revenue
792.13m NOK 846.7k NOK
-99.9%
Operating result
n/m -2.85m NOK
—
Net result
+24.57m NOK +21.33m NOK
-13.2%
Equity
18.61m NOK 16.51m NOK
-11.3%
Cash
35.37m NOK 20.0k NOK
-99.9%
Total assets
62.92m NOK 44.76m NOK
-28.9%

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 792.13m NOK to 846.7k NOK (-99.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result +24.57m NOK → +21.33m NOK (net margin 3.1% → 2518.8%). Calculated

  • ↓

    Equity eroded

    Book equity 18.61m NOK → 16.51m NOK (equity ratio 29.6% → 36.9%). Calculated

  • ↓

    Cash fell

    Bank deposits 35.37m NOK → 20.0k NOK (-99.9% YoY). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 6.27m NOK → 6.28m NOK (1% → 742% of revenue). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (35.37m NOK → 20.0k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation

  • ·

    COGS fell

    COGS / varekostnad 220.84m NOK → 260.5k NOK (-99.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 26.0k NOK → 9.06m NOK. Reported fact