FirmaIQ
Org.nr 914 307 635 2008 → 2009 Year-over-year analysis

3M NORGE AS: årsregnskap 2009 vs 2008

Shrank 100% on revenue, weaker earnings

approved 2010-06-16; registry 2010-07-17; journal 2010 513638

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for 3M NORGE AS. Revenue 555.32m NOK → 602.9k NOK (-99.9%). Net result +108.15m NOK → +49.96m NOK. Equity 504.48m NOK → 155.72m NOK.

On the constructive side: cash rose. Pressures included: revenue fell; net result weakened; equity eroded.

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

At a glance

Scorecard

Revenue
555.32m NOK 602.9k NOK
-99.9%
Operating result
n/m +54.20m NOK
—
Net result
+108.15m NOK +49.96m NOK
-53.8%
Equity
504.48m NOK 155.72m NOK
-69.1%
Cash
26.45m NOK 45.39m NOK
+71.6%
Total assets
622.03m NOK 384.49m NOK
-38.2%

What improved

  • ↑

    Cash rose

    Bank deposits 26.45m NOK → 45.39m NOK (+71.6% YoY). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 555.32m NOK to 602.9k NOK (-99.9% YoY). Calculated

  • ↓

    Net result weakened

    Net result +108.15m NOK → +49.96m NOK (net margin 19.5% → 8286.5%). Calculated

  • ↓

    Equity eroded

    Book equity 504.48m NOK → 155.72m NOK (equity ratio 81.1% → 40.5%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 10.11m NOK → 108.27m NOK (2% → 17957% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 282.78m NOK → 338.9k NOK (-99.9% YoY). Calculated

  • ·

    Book investments changed

    Investment / intangible book value 0 NOK → 162.92m NOK. Reported fact