3M NORGE AS: årsregnskap 2008 vs 2007
Grew 98430% on revenue, stronger earnings, fresh owner capital
approved 2009-06-23; registry 2009-07-16
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for 3M NORGE AS. Revenue 563.6k NOK → 555.32m NOK (+98430.3%). Net result +82.4k NOK → +108.15m NOK. Equity 539.5k NOK → 504.48m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: cash fell; current ratio dropped below 1×.
Also worth watching: cogs moved; book investments changed. All figures are taken from the published annual accounts for 3M NORGE AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 563.6k NOK to 555.32m NOK (+98430.3% YoY). Calculated
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Net result improved
Net result +82.4k NOK → +108.15m NOK (net margin 14.6% → 19.5%). Calculated
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Equity strengthened
Book equity 539.5k NOK → 504.48m NOK (equity ratio 83.8% → 81.1%). Calculated
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Owners injected capital
Paid-in equity rose 66.2k NOK → 66.15m NOK (+66.09m NOK). Reported fact
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Payroll decreased
Salary cost 118.81m NOK → 10.11m NOK (21081% → 2% of revenue). Calculated
What deteriorated
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Cash fell
Bank deposits 40.51m NOK → 26.45m NOK (-34.7% YoY). Calculated
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Current ratio dropped below 1×
Current ratio 1.11× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS moved
COGS / varekostnad 296.1k NOK → 282.78m NOK (+95396.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 460.0k NOK → 0 NOK. Reported fact