ADVANCED ENGINEERING SYSTEMS AS: årsregnskap 2015 vs 2014
Shrank 10% on revenue, weaker earnings, cash halved-plus
approved 2016-05-10; registry 2016-05-26; journal 2016 446693
Summary
What changed
Comparing Årsregnskap 2015 with 2014 for ADVANCED ENGINEERING SYSTEMS AS. Revenue 4.82m NOK → 4.35m NOK (-9.8%). Net result +226.1k NOK → +77.5k NOK. Equity 463.2k NOK → 340.6k NOK.
Pressures included: revenue fell; net result weakened; equity eroded.
Also worth watching: cogs fell. All figures are taken from the published annual accounts for ADVANCED ENGINEERING SYSTEMS AS.
At a glance
Scorecard
What deteriorated
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Revenue fell
Operating income / revenue moved from 4.82m NOK to 4.35m NOK (-9.8% YoY). Calculated
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↓
Net result weakened
Net result +226.1k NOK → +77.5k NOK (net margin 4.7% → 1.8%). Calculated
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↓
Equity eroded
Book equity 463.2k NOK → 340.6k NOK (equity ratio 24.4% → 20.9%). Calculated
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↓
Cash fell
Bank deposits 263.3k NOK → 71.0k NOK (-73.0% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.16× → 0.06× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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COGS fell
COGS / varekostnad 3.05m NOK → 2.69m NOK (-11.7% YoY). Calculated