ADVANCED THINKERS ENGINEERING AS: årsregnskap 2005 vs 2004
Grew 128% on revenue, stronger earnings
Summary
What changed
Comparing Årsregnskap 2005 with 2004 for ADVANCED THINKERS ENGINEERING AS. Revenue 375.5k NOK → 857.8k NOK (+128.4%). Net result -159.1k NOK → -3 693 NOK. Equity 8 NOK → -53.8k NOK.
On the constructive side: revenue rose; net result improved; payroll decreased. Pressures included: equity eroded.
Also worth watching: thin equity buffer; cogs moved. All figures are taken from the published annual accounts for ADVANCED THINKERS ENGINEERING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 375.5k NOK to 857.8k NOK (+128.4% YoY). Calculated
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Net result improved
Net result -159.1k NOK → -3 693 NOK (net margin -42.4% → -0.4%). Calculated
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↑
Payroll decreased
Salary cost 331.8k NOK → 279.4k NOK (88% → 33% of revenue). Calculated
What deteriorated
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↓
Equity eroded
Book equity 8 NOK → -53.8k NOK (equity ratio 0.0% → -16.4%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -16.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS moved
COGS / varekostnad 10.1k NOK → 241.0k NOK (+2280.7% YoY). Calculated