ADVANCED ENGINEERING SYSTEMS AS: årsregnskap 2008 vs 2007
Grew 41% on revenue, cash halved-plus, fresh owner capital
approved 2009-05-15; registry 2009-06-17
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVANCED ENGINEERING SYSTEMS AS. Revenue 3.95m NOK → 5.59m NOK (+41.5%). Equity 10.52m NOK → 618.5k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: equity eroded; cash fell; current ratio dropped below 1×.
Also worth watching: payroll increased; cogs moved; book investments changed. All figures are taken from the published annual accounts for ADVANCED ENGINEERING SYSTEMS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 3.95m NOK to 5.59m NOK (+41.5% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 10.1k NOK → 102.0k NOK (+91.9k NOK). Reported fact
What deteriorated
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↓
Equity eroded
Book equity 10.52m NOK → 618.5k NOK (equity ratio 528.7% → 19.0%). Calculated
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↓
Cash fell
Bank deposits 499.6k NOK → 47.5k NOK (-90.5% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 6.60× → 0.99× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Payroll increased
Salary cost 670.5k NOK → 9.83m NOK (17% → 176% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.55m NOK → 3.10m NOK (+21.4% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 106.0k NOK → 108.5k NOK. Reported fact