FirmaIQ
Org.nr 914 307 635 2019 → 2020 Year-over-year analysis

3M NORGE AS: årsregnskap 2020 vs 2019

Grew 12% on revenue

approved 2021-05-25; registry 2021-06-21; journal 2021 360593

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for 3M NORGE AS. Revenue 664.16m NOK → 741.52m NOK (+11.6%). Net result +25.97m NOK → +26.47m NOK. Equity 89.45m NOK → 82.46m NOK.

On the constructive side: revenue rose; operating result improved. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.

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

At a glance

Scorecard

Revenue
664.16m NOK 741.52m NOK
+11.6%
Operating result
+27.93m NOK +33.16m NOK
+18.7%
Net result
+25.97m NOK +26.47m NOK
+1.9%
Equity
89.45m NOK 82.46m NOK
-7.8%
Cash
52.11m NOK 36.39m NOK
-30.2%
Total assets
291.91m NOK 347.53m NOK
+19.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 664.16m NOK to 741.52m NOK (+11.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +27.93m NOK → +33.16m NOK (op. margin 4.2% → 4.5%). Calculated

What deteriorated

  • ↓

    Equity eroded

    Book equity 89.45m NOK → 82.46m NOK (equity ratio 30.6% → 23.7%). Calculated

  • ↓

    Cash fell

    Bank deposits 52.11m NOK → 36.39m NOK (-30.2% YoY). Calculated

  • ↓

    Current ratio dropped below 1×

    Current ratio 2.55× → 0.03× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 13.48bn NOK → 7.57bn NOK (-43.9% YoY). Calculated