ADVANCED ENGINEERING SYSTEMS AS: årsregnskap 2016 vs 2015
Shrank 31% on revenue
approved 2017-06-20; registry 2017-06-24; journal 2017 523605
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for ADVANCED ENGINEERING SYSTEMS AS. Revenue 4.35m NOK → 2.98m NOK (-31.5%). Equity 340.6k NOK → 16.0k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded.
Also worth watching: thin equity buffer; cogs fell. 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 71.0k NOK → 93.0k NOK (+30.9% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 4.35m NOK to 2.98m NOK (-31.5% YoY). Calculated
-
↓
Equity eroded
Book equity 340.6k NOK → 16.0k NOK (equity ratio 20.9% → 1.3%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 2.69m NOK → 2.13m NOK (-20.9% YoY). Calculated