Norma A/S

A/SBankrupt

CVR 87385116Slotsmarken 10, 2970 HørsholmAnden forskning og eksperimentel udvikling inden for naturvidenskab og teknik· NACE 721900Est. 1979 · 47 years old1 employees

Overview

Norma A/S is a Danish A/S based in Hørsholm, operating in the Anden forskning og eksperimentel udvikling inden for naturvidenskab og teknik sector. Incorporated in 1979, the company has 1 employee and reported a gross profit of DKK 25.9m in its latest annual filing.

Gross profit 2013

25.9M DKK

−17% vs 2012

EBITDA margin (of gross profit)

4.8 %

+148% vs 2012

Net profit 2013

2.3M DKK

+200% vs 2012

Key ratios

See full ratios →

26.1 %

Average

Around the average of companies in the same industry

20122013

0.9×

Average

Around the average of companies in the same industry

20122013

16.1 %

Very strong

Among the 10% highest rated companies in the industry

20122013

EBITDA — year on year

DKK thousands

Key figures

Annual report 2013

Gross profit	25.9M DKK	-17%
EBITDA	1.2M DKK	+148%
Net profit	2.3M DKK	+200%
Total assets	14.2M DKK	+4%
Equity	3.7M DKK	+156%
Employees	1	—

Financial development

In its most recent annual report (2013), Norma A/S reported a gross profit of DKK 25.9m, a decrease of 17% on the year before. The figures on this page draw on 2 annual filings covering 2012 to 2013. The bottom line showed a net profit of DKK 2.3m, and the EBITDA margin stood at 4.8%.

At the end of 2013, equity financed 26.1% of the balance sheet, and current assets covered short-term debt 0.9 times.

Financials

Gross profit

DKK millions

EBITDA

DKK thousands

Income statement

DKK thousands

Item	2013	2012
Gross profit	25,947	31,187
Staff expenses	-24,704	-33,791
EBITDA	1,243	-2,604
Depreciation & amort.	-361	-266
EBIT	882	-2,870
Net financials	1,408	-103
Profit before tax	2,290	-2,973
Tax	-0	-681
Net profit	2,290	-2,291

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Balance sheet

DKK thousands

Item	2013	2012
Total assets	14,205	13,679
Equity	3,701	1,447
Long-term debt	1,700	0
Short-term debt	8,804	12,231
Total debt	10,504	12,231

Financial ratios

5-year trend

EBITDA margin (of gross profit)

4.8 %

20122013

Equity ratio

26.1 %

Average

Around the average of companies in the same industry

20122013

Return on equity

61.9 %

Very strong

Among the 10% highest rated companies in the industry

20122013

Net profit margin (of gross profit)

8.8 %

20122013

Asset turnover (of gross profit)

1.83×

20122013

Debt / equity

2.84×

Weak

Among the 40% lowest rated companies in the industry

20122013

Sector performance

23 of 28 ratios graded

28 financial ratios from the latest filing, each graded against companies in the same industry.

Profitability

Return on equity (ROE)Very strong

Among the 10% highest rated companies in the industry

Net profit as a percentage of equity — the return the owners earned on their invested capital this year.

Return on assets (ROA)Very strong

Among the 10% highest rated companies in the industry

Net profit as a percentage of total assets — the return generated on the capital employed.

Return on net assets (RONA)Very strong

Among the 10% highest rated companies in the industry

Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.

Basic earning power (BEP)Strong

Among the 30% highest rated companies in the industry

EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.

Capacity ratioWeak

Among the 30% lowest rated companies in the industry

Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.

Gross marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.

Operating marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.

Net profit marginNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

The profit for the year as a share of revenue — the company's ability to turn revenue into profit.

Liquidity

Current ratioAverage

Around the average of companies in the same industry

Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.

Quick ratioStrong

Among the 40% highest rated companies in the industry

Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.

Cash ratioAverage

Around the average of companies in the same industry

Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.

Current assets to equityVery weak

Among the 10% lowest rated companies in the industry

Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.

Fixed assets to long-term capitalAverage

Around the average of companies in the same industry

Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.

Cash conversion ratioWeak

Among the 30% lowest rated companies in the industry

Cash flow relative to profit — the ability to convert reported profits into accessible cash.

Debt & solvency

Solidity ratioAverage

Around the average of companies in the same industry

Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.

Debt ratioWeak

Among the 40% lowest rated companies in the industry

Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.

Debt to equityWeak

Among the 40% lowest rated companies in the industry

Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.

Liabilities to equityWeak

Among the 40% lowest rated companies in the industry

Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.

Income to debtVery strong

Among the 20% highest rated companies in the industry

Profit relative to debt — the ability to create earnings while operating with debt.

EBITDA to debtStrong

Among the 40% highest rated companies in the industry

EBITDA relative to debt — how much operating earnings are available to service the debt.

Interest coverageAverage

Around the average of companies in the same industry

The ability to pay the interest on the company's debt out of its earnings.

Interest rate on debtWeak

Among the 40% lowest rated companies in the industry

Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.

Interest marginVery strong

Among the 10% highest rated companies in the industry

The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.

Efficiency & development

Equity to contributed capitalWeak

Among the 40% lowest rated companies in the industry

Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.

One-year change in equityVery strong

Among the 10% highest rated companies in the industry

The size of this year's increase or decrease in the company's equity.

One-year change in debtVery strong

Among the 20% highest rated companies in the industry

The size of this year's increase or decrease in the company's debt.

Asset turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to total assets — the ability to generate revenue from the asset base.

Inventory turnoverNot rated

Cannot be graded — the figures this ratio builds on are not available in the latest filing.

Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.

Annual reports & filings

Annual report 2013
Filed via CVR / Virk · Period 2013-01-01 – 2013-12-31
View PDF
Annual report 2012
Filed via CVR / Virk · Period 2012-01-01 – 2012-12-31
View PDF

People & ownership

Management

Actively employed in the business

Name	Role	Member since

Former (10)


LL Linn Liljeström Zeuthen Management	Management	2009 – 2013
HK Henrik Knudsen Management	Management	2013 – 2013
IA Ib Arthur Nielsen Management	Management	1979 – 1989
EK Erik Kragh Lauritzen Liquidator	Liquidator	1979 – 1991
NJ Niklas Johan Lindberg Chief Executive Officer	Chief Executive Officer	2013 – 2014
KR Klaus Retz Johansson Audit	Audit	2000 – 2008
AK Andreas Kærsgaard Mylin Unofficial title	Unofficial title	2015 – 2015
MI Minga Inge-Maj Marita Liljestrøm-Svendsen Management	Management	2014 – 2015
LS Liss Sødergren Johansen Management	Management	1979 – 1989
OD Ove Dahlstrøm Schjerning Audit	Audit	1979 – 1989

Board of directors

Non-executive oversight

Name	Role	Member since

Former (7)


PM Peter Mørch Eriksen Board of Directors	Board of Directors	2011 – 2012
MA Morten Albrechtsen Chairman	Chairman	2009 – 2012
LL Linn Liljeström Zeuthen Chairman	Chairman	2013 – 2014
LT Lars Thomander Board of Directors	Board of Directors	2011 – 2014
PS Palle Svendsen Board of Directors	Board of Directors	2014 – 2015
MI Minga Inge-Maj Marita Liljestrøm-Svendsen Board of Directors	Board of Directors	2014 – 2015
SM Susanne Margot Brandt Board of Directors	Board of Directors	2014 – 2015

Shareholders

Active legal owners

Shareholder	Type	Ownership	Votes	Registered
Minga Inge-Maj Marita Liljestrøm-Svendsen	Individual	100%	100%	2014

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Related companies

Company hierarchy

No registered parent or subsidiaries

Board network connections

Board members of Norma A/S also hold positions in 36 other companies.

Person	Role here	Other companies
Andreas Kærsgaard Mylin	Unofficial title	24 companiesMany roles
Morten Albrechtsen	Chairman	5 companies
Peter Mørch Eriksen	Board of Directors	4 companies
Klaus Retz Johansson	Audit	2 companies
Henrik Knudsen	Management	1 company

Frequently asked questions

What is the CVR number of Norma A/S?

Norma A/S is registered with CVR / Virk under CVR 87385116.

What is the gross profit of Norma A/S?

Norma A/S reported a gross profit of DKK 25.9m in 2013.

How many employees does Norma A/S have?

Norma A/S employs 1 people as of the latest annual report.

Where is Norma A/S headquartered?

Norma A/S's registered address is Slotsmarken 10, 2..