ADVANCED ENGINEERING SYSTEMS AS: årsregnskap 2010 vs 2009
Shrank 28% on revenue, cash halved-plus
approved 2011-08-10; registry 2011-08-27; journal 2011 645282
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for ADVANCED ENGINEERING SYSTEMS AS. Revenue 3.60m NOK → 2.58m NOK (-28.3%). Equity 591.5k NOK → 208.1k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
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
-
↑
Payroll decreased
Salary cost 9.92m NOK → 9.88m NOK (276% → 383% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.60m NOK to 2.58m NOK (-28.3% YoY). Calculated
-
↓
Equity eroded
Book equity 591.5k NOK → 208.1k NOK (equity ratio 29.9% → 19.5%). Calculated
-
↓
Cash fell
Bank deposits 246.3k NOK → 29.1k NOK (-88.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.18× → 0.74× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 1.63m NOK → 486.8k NOK (-70.1% YoY). Calculated
-
·
Book investments changed
Investment / intangible book value 10 NOK → 53.0k NOK. Reported fact