ADVANCED THINKERS ENGINEERING AS: årsregnskap 2012 vs 2011
Shrank 70% on revenue, returned to profit
approved 2013-11-21; registry 2013-11-25; journal 2013 851434
Summary
What changed
Comparing Årsregnskap 2012 with 2011 for ADVANCED THINKERS ENGINEERING AS. Revenue 545.2k NOK → 161.8k NOK (-70.3%). Net result -4.49m NOK → +71.2k NOK. Equity -3.32m NOK → -3.85m NOK.
On the constructive side: turned profitable. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer; 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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↑
Turned profitable
Net result flipped from a loss of 4.49m NOK to a profit of 71.2k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 545.2k NOK to 161.8k NOK (-70.3% YoY). Calculated
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↓
Operating result weakened
Operating result +216.6k NOK → -110.3k NOK (op. margin 39.7% → -68.2%). Calculated
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↓
Equity eroded
Book equity -3.32m NOK → -3.85m NOK (equity ratio -12.6% → -91.2%). Calculated
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↓
Cash fell
Bank deposits 232.6k NOK → 210.9k NOK (-9.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -91.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 2.99m NOK → 500.5k NOK. Reported fact