FirmaIQ
Org.nr 987 475 544 2010 → 2011 Year-over-year analysis

ADVANCED ENGINEERING SYSTEMS AS: årsregnskap 2011 vs 2010

Grew 59% on revenue, cash halved-plus

approved 2012-05-22; registry 2012-06-06; journal 2012 402316

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for ADVANCED ENGINEERING SYSTEMS AS. Revenue 2.58m NOK → 4.11m NOK (+59.4%). Equity 208.1k NOK → 285.1k NOK.

On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: cash fell.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVANCED ENGINEERING SYSTEMS AS.

At a glance

Scorecard

Revenue
2.58m NOK 4.11m NOK
+59.4%
Equity
208.1k NOK 285.1k NOK
+37.0%
Cash
29.1k NOK 8 031 NOK
-72.4%
Total assets
1.07m NOK 1.12m NOK
+5.1%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 2.58m NOK to 4.11m NOK (+59.4% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 208.1k NOK → 285.1k NOK (equity ratio 19.5% → 25.4%). Calculated

  • ↑

    Payroll decreased

    Salary cost 9.88m NOK → 9.69m NOK (383% → 236% of revenue). Calculated

What deteriorated

  • ↓

    Cash fell

    Bank deposits 29.1k NOK → 8 031 NOK (-72.4% YoY). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 486.8k NOK → 310.9k NOK (-36.1% YoY). Calculated