FirmaIQ
Org.nr 914 307 635 2013 → 2014 Year-over-year analysis

3M NORGE AS: årsregnskap 2014 vs 2013

Shrank 9% on revenue, weaker earnings, cash halved-plus

approved 2015-05-27; registry 2015-09-26; journal 2015 874958

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2014 with 2013 for 3M NORGE AS. Revenue 696.88m NOK → 636.11m NOK (-8.7%). Net result +87.9k NOK → +8 104 NOK. Equity 180.87m NOK → 116.94m NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.

Also worth watching: sharp cash drawdown. All figures are taken from the published annual accounts for 3M NORGE AS.

At a glance

Scorecard

Revenue
696.88m NOK 636.11m NOK
-8.7%
Operating result
+124.5k NOK +6 534 NOK
-94.8%
Net result
+87.9k NOK +8 104 NOK
-90.8%
Equity
180.87m NOK 116.94m NOK
-35.3%
Cash
151.10m NOK 34.31m NOK
-77.3%
Total assets
388.39m NOK 437 NOK
-100.0%

What improved

  • ↑

    Payroll decreased

    Salary cost 10.12bn NOK → 10.14m NOK (1452% → 2% of revenue). Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 696.88m NOK to 636.11m NOK (-8.7% YoY). Calculated

  • ↓

    Operating result weakened

    Operating result +124.5k NOK → +6 534 NOK (op. margin 0.0% → 0.0%). Calculated

  • ↓

    Net result weakened

    Net result +87.9k NOK → +8 104 NOK (net margin 0.0% → 0.0%). Calculated

  • ↓

    Equity eroded

    Book equity 180.87m NOK → 116.94m NOK (equity ratio 46.6% → 26759810.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 151.10m NOK → 34.31m NOK (-77.3% YoY). Calculated

Things to notice

  • ·

    Sharp cash drawdown

    Cash fell by more than 60% YoY (151.10m NOK → 34.31m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation