Org.nr 914 307 635 2011 → 2012 Year-over-year analysis

3M NORGE AS: årsregnskap 2012 vs 2011

Mixed movements in the accounts

approved 2013-05-24; registry 2013-08-22; journal 2013 658906

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for 3M NORGE AS. Revenue 603.41m NOK → 601.03m NOK (-0.4%). Equity 195.94m NOK → 98.01m NOK.

Pressures included: revenue fell; equity eroded; cash fell.

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

At a glance

Revenue

603.41m NOK 601.03m NOK

-0.4%

Net result

+42.18m NOK n/m

—

Equity

195.94m NOK 98.01m NOK

-50.0%

Cash

32.21m NOK 30.55m NOK

-5.1%

Total assets

373.01m NOK 472.06m NOK

+26.6%

↓
Revenue fell

Operating income / revenue moved from 603.41m NOK to 601.03m NOK (-0.4% YoY). Calculated
↓
Equity eroded

Book equity 195.94m NOK → 98.01m NOK (equity ratio 52.5% → 20.8%). Calculated
↓
Cash fell

Bank deposits 32.21m NOK → 30.55m NOK (-5.1% YoY). Calculated
↓
Payroll up without matching revenue

Salary cost 10.11bn NOK → 11.12bn NOK (1675% → 1850% of revenue). Calculated
↓
COGS moved

COGS / varekostnad 329.96m NOK → 6.32bn NOK (+1814.7% YoY). Calculated

·
Book investments changed

Investment / intangible book value 80.65m NOK → 80.7k NOK. Reported fact