ADVANCED THINKERS ENGINEERING AS: årsregnskap 2017 vs 2016
Shrank 7% on revenue, returned to profit
approved 2018-06-22; registry 2018-07-09; journal 2018 651834
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for ADVANCED THINKERS ENGINEERING AS. Revenue 1.42m NOK → 1.32m NOK (-6.8%). Net result -748.5k NOK → +168.6k NOK. Equity -1.72m NOK → -1.89m NOK.
On the constructive side: operating result improved; turned profitable; cash rose. Pressures included: revenue fell; 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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Operating result improved
Operating result -1.00m NOK → -169.7k NOK (op. margin -71.0% → -12.9%). Calculated
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Turned profitable
Net result flipped from a loss of 748.5k NOK to a profit of 168.6k NOK. Calculated
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Cash rose
Bank deposits 80.1k NOK → 169.0k NOK (+111.1% YoY). Calculated
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Payroll decreased
Salary cost 1.17m NOK → 1.15m NOK (83% → 87% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.42m NOK to 1.32m NOK (-6.8% YoY). Calculated
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↓
Equity eroded
Book equity -1.72m NOK → -1.89m NOK (equity ratio -39.3% → -48.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -48.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Book investments changed
Investment / intangible book value 517.3k NOK → 500.5k NOK. Reported fact