3M NORGE AS: årsregnskap 2010 vs 2009
A steady year on the published lines
approved 2011-06-24; registry 2011-08-31; journal 2011 671417
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 3M NORGE AS. Revenue 602.9k NOK → 583.5k NOK (-3.2%). Net result +49.96m NOK → +40.64m NOK. Equity 155.72m NOK → 189.75m NOK.
On the constructive side: operating result improved; equity strengthened; current ratio back above 1×. Pressures included: revenue fell; net result weakened; cash fell.
Also worth watching: 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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↑
Operating result improved
Operating result +54.20m NOK → +54.86m NOK (op. margin 8989.5% → 9402.2%). Calculated
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↑
Equity strengthened
Book equity 155.72m NOK → 189.75m NOK (equity ratio 40.5% → 57.4%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.62× → 1.70×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 602.9k NOK to 583.5k NOK (-3.2% YoY). Calculated
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↓
Net result weakened
Net result +49.96m NOK → +40.64m NOK (net margin 8286.5% → 6964.5%). Calculated
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↓
Cash fell
Bank deposits 45.39m NOK → 44.31m NOK (-2.4% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 108.27m NOK → 10.10bn NOK (17957% → 1731126% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 338.9k NOK → 325.68m NOK (+95995.4% YoY). Calculated
Things to notice
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·
Book investments changed
Investment / intangible book value 162.92m NOK → 80.65m NOK. Reported fact