ADVANCED THINKERS ENGINEERING AS: årsregnskap 2018 vs 2017
Grew 10% on revenue, weaker earnings
approved 2019-06-21; registry 2019-07-04; journal 2019 601286
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for ADVANCED THINKERS ENGINEERING AS. Revenue 1.32m NOK → 1.46m NOK (+10.5%). Net result +168.6k NOK → +2 593 NOK. Equity -1.89m NOK → -1.89m NOK.
On the constructive side: revenue rose; operating result improved. Pressures included: net result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. 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 1.32m NOK to 1.46m NOK (+10.5% YoY). Calculated
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↑
Operating result improved
Operating result -169.7k NOK → -1 344 NOK (op. margin -12.9% → -0.1%). Calculated
What deteriorated
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↓
Net result weakened
Net result +168.6k NOK → +2 593 NOK (net margin 12.8% → 0.2%). Calculated
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↓
Equity eroded
Book equity -1.89m NOK → -1.89m NOK (equity ratio -48.0% → -48.4%). Calculated
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↓
Cash fell
Bank deposits 169.0k NOK → 97.3k NOK (-42.4% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -48.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation