ADVANCED THINKERS ENGINEERING AS: årsregnskap 2008 vs 2007
Shrank 86% on revenue, weaker earnings
Summary
What changed
Comparing Årsregnskap 2008 with 2007 for ADVANCED THINKERS ENGINEERING AS. Revenue 190.0k NOK → 27.2k NOK (-85.7%). Net result +82.0k NOK → +19.5k NOK. Equity 8.38m NOK → 403.0k NOK.
On the constructive side: payroll decreased. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: paid-in equity reduced; cogs fell; book investments changed. All figures are taken from the published annual accounts for ADVANCED THINKERS ENGINEERING AS.
At a glance
Scorecard
What improved
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↑
Payroll decreased
Salary cost 4 656 NOK → -656 NOK (2% → -2% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 190.0k NOK to 27.2k NOK (-85.7% YoY). Calculated
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↓
Operating result weakened
Operating result +83.0k NOK → +27.1k NOK (op. margin 43.7% → 99.8%). Calculated
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↓
Net result weakened
Net result +82.0k NOK → +19.5k NOK (net margin 43.2% → 71.7%). Calculated
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↓
Equity eroded
Book equity 8.38m NOK → 403.0k NOK (equity ratio 2041.5% → 92.3%). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 383.5k NOK → 200.0k NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 76.1k NOK → -76.1k NOK (-200.0% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 2 102 NOK → 99.0k NOK. Reported fact