ADVANCED THINKERS ENGINEERING AS: årsregnskap 2013 vs 2012
Grew 38% on revenue, cash halved-plus
approved 2014-11-24; registry 2014-12-18; journal 2014 878385
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for ADVANCED THINKERS ENGINEERING AS. Revenue 161.8k NOK → 223.8k NOK (+38.3%). Equity -3.85m NOK → -4.06m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
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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↑
Revenue rose
Operating income / revenue moved from 161.8k NOK to 223.8k NOK (+38.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -110.3k NOK → -367.3k NOK (op. margin -68.2% → -164.1%). Calculated
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↓
Equity eroded
Book equity -3.85m NOK → -4.06m NOK (equity ratio -91.2% → -96.6%). Calculated
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↓
Cash fell
Bank deposits 210.9k NOK → 23.0k NOK (-89.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -96.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 500.5k NOK → 517.3k NOK. Reported fact