ADVANCED ENGINEERING SYSTEMS AS: årsregnskap 2009 vs 2008
Shrank 36% on revenue
approved 2010-05-05; registry 2010-08-30; journal 2010 659295
Summary
What changed
Comparing Årsregnskap 2009 with 2008 for ADVANCED ENGINEERING SYSTEMS AS. Revenue 5.59m NOK → 3.60m NOK (-35.6%). Equity 618.5k NOK → 591.5k NOK.
On the constructive side: cash rose; current ratio back above 1×. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.
Also worth watching: cogs fell; 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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↑
Cash rose
Bank deposits 47.5k NOK → 246.3k NOK (+418.5% YoY). Calculated
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↑
Current ratio back above 1×
Current ratio 0.99× → 1.18×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 5.59m NOK to 3.60m NOK (-35.6% YoY). Calculated
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↓
Equity eroded
Book equity 618.5k NOK → 591.5k NOK (equity ratio 19.0% → 29.9%). Calculated
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↓
Payroll up without matching revenue
Salary cost 9.83m NOK → 9.92m NOK (176% → 276% of revenue). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 3.10m NOK → 1.63m NOK (-47.5% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 108.5k NOK → 10 NOK. Reported fact