Org.nr 985 267 308 2003 → 2004 Year-over-year analysis

ADVANCED THINKERS ENGINEERING AS: årsregnskap 2004 vs 2003

Shrank 57% on revenue

Summary

What changed

Comparing Årsregnskap 2004 with 2003 for ADVANCED THINKERS ENGINEERING AS. Revenue 881.6k NOK → 375.5k NOK (-57.4%). Equity 109.0k NOK → 8 NOK.

Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCED THINKERS ENGINEERING AS.

At a glance

Revenue

881.6k NOK 375.5k NOK

-57.4%

Operating result

-128.5k NOK n/m

—

Net result

n/m -159.1k NOK

—

Equity

109.0k NOK 8 NOK

-100.0%

Total assets

394.9k NOK 460.2k NOK

+16.5%

↓
Revenue fell

Operating income / revenue moved from 881.6k NOK to 375.5k NOK (-57.4% YoY). Calculated
↓
Equity eroded

Book equity 109.0k NOK → 8 NOK (equity ratio 27.6% → 0.0%). Calculated
↓
Payroll up without matching revenue

Salary cost 2 003 NOK → 331.8k NOK (0% → 88% of revenue). Calculated
↓
COGS moved

COGS / varekostnad -279.2k NOK → 10.1k NOK (+103.6% YoY). Calculated

·
Thin equity buffer

Equity ratio is 0.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation