FirmaIQ
Org.nr 985 267 308 2018 → 2019 Year-over-year analysis

ADVANCED THINKERS ENGINEERING AS: årsregnskap 2019 vs 2018

Grew 7% on revenue, slipped into loss

approved 2020-09-11; registry 2020-09-24; journal 2020 852778

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2019 with 2018 for ADVANCED THINKERS ENGINEERING AS. Revenue 1.46m NOK → 1.55m NOK (+6.6%). Net result +2 593 NOK → -341.2k NOK. Equity -1.89m NOK → -2.23m NOK.

On the constructive side: revenue rose; operating result improved; cash rose. Pressures included: fell into a net loss; equity eroded.

Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for ADVANCED THINKERS ENGINEERING AS.

At a glance

Scorecard

Revenue
1.46m NOK 1.55m NOK
+6.6%
Operating result
-1 344 NOK +340.3k NOK
+25418.8%
Net result
+2 593 NOK -341.2k NOK
-13259.9%
Equity
-1.89m NOK -2.23m NOK
-18.1%
Cash
97.3k NOK 358.4k NOK
+268.4%
Total assets
3.90m NOK 3.33m NOK
-14.7%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.46m NOK to 1.55m NOK (+6.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result -1 344 NOK → +340.3k NOK (op. margin -0.1% → 21.9%). Calculated

  • ↑

    Cash rose

    Bank deposits 97.3k NOK → 358.4k NOK (+268.4% YoY). Calculated

What deteriorated

  • ↓

    Fell into a net loss

    Net result flipped from 2 593 NOK profit to a loss of 341.2k NOK. Calculated

  • ↓

    Equity eroded

    Book equity -1.89m NOK → -2.23m NOK (equity ratio -48.4% → -67.1%). Calculated

Things to notice

  • ·

    Thin equity buffer

    Equity ratio is -67.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation