3M NORGE AS: årsregnskap 2016 vs 2015
Shrank 100% on revenue
approved 2017-06-15; registry 2017-08-16; journal 2017 864204
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for 3M NORGE AS. Revenue 644.19m NOK → 648.1k NOK (-99.9%). Equity 209.38m NOK → 254.7k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for 3M NORGE AS.
At a glance
Scorecard
What improved
-
↑
Payroll decreased
Salary cost 140.59m NOK → 10.12m NOK (22% → 1562% of revenue). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 644.19m NOK to 648.1k NOK (-99.9% YoY). Calculated
-
↓
Equity eroded
Book equity 209.38m NOK → 254.7k NOK. Calculated
-
↓
Cash fell
Bank deposits 52.23m NOK → 28.92m NOK (-44.6% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 4.36× → 0.00× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
-
·
COGS fell
COGS / varekostnad 5.39bn NOK → 5.37m NOK (-99.9% YoY). Calculated