FirmaIQ
Org.nr 987 475 544 2017 → 2018 Year-over-year analysis

ADVANCED ENGINEERING SYSTEMS AS: årsregnskap 2018 vs 2017

Weaker earnings

approved 2019-04-08; registry 2019-05-08; journal 2019 309112

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2018 with 2017 for ADVANCED ENGINEERING SYSTEMS AS. Revenue 4.04m NOK → 4.11m NOK (+1.6%). Net result +290.7k NOK → +10.8k NOK. Equity 156.7k NOK → 167.5k NOK.

On the constructive side: revenue rose; equity strengthened; current ratio back above 1×. Pressures included: net result weakened; cash fell.

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

At a glance

Scorecard

Revenue
4.04m NOK 4.11m NOK
+1.6%
Net result
+290.7k NOK +10.8k NOK
-96.3%
Equity
156.7k NOK 167.5k NOK
+6.9%
Cash
183.8k NOK 150.7k NOK
-18.0%
Total assets
1.12m NOK 859.0k NOK
-23.0%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 4.04m NOK to 4.11m NOK (+1.6% YoY). Calculated

  • ↑

    Equity strengthened

    Book equity 156.7k NOK → 167.5k NOK (equity ratio 14.0% → 19.5%). Calculated

  • ↑

    Current ratio back above 1×

    Current ratio 0.99× → 1.06×. Calculated

What deteriorated

  • ↓

    Net result weakened

    Net result +290.7k NOK → +10.8k NOK (net margin 7.2% → 0.3%). Calculated

  • ↓

    Cash fell

    Bank deposits 183.8k NOK → 150.7k NOK (-18.0% YoY). Calculated

Things to notice

  • ·

    COGS moved

    COGS / varekostnad 2.34m NOK → 2.56m NOK (+9.4% YoY). Calculated