ADVANCED INNOVATIONS AS: årsregnskap 2019 vs 2018
Shrank 13% on revenue, weaker earnings
approved 2020-05-13; registry 2020-10-17; journal 2020 950414
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for ADVANCED INNOVATIONS AS. Revenue 176.7k NOK → 153.6k NOK (-13.1%). Net result +140.7k NOK → +44.0k NOK. Equity -168.0k NOK → -124.0k NOK.
On the constructive side: equity strengthened; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCED INNOVATIONS AS.
At a glance
Scorecard
What improved
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↑
Equity strengthened
Book equity -168.0k NOK → -124.0k NOK (equity ratio -163.7% → -270.7%). Calculated
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↑
Current ratio back above 1×
Current ratio 0.34× → 2.42×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 176.7k NOK to 153.6k NOK (-13.1% YoY). Calculated
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↓
Operating result weakened
Operating result +140.9k NOK → +45.7k NOK (op. margin 79.7% → 29.8%). Calculated
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↓
Net result weakened
Net result +140.7k NOK → +44.0k NOK (net margin 79.6% → 28.7%). Calculated
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↓
Cash fell
Bank deposits 41.4k NOK → 36.5k NOK (-11.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -270.7% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation