FirmaIQ
Org.nr 985 267 308 2019 → 2020 Year-over-year analysis

ADVANCED THINKERS ENGINEERING AS: årsregnskap 2020 vs 2019

Grew 8% on revenue, returned to profit

approved 2021-07-23; registry 2021-09-11; journal 2021 687920

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for ADVANCED THINKERS ENGINEERING AS. Revenue 1.55m NOK → 1.67m NOK (+7.6%). Net result -341.2k NOK → +378.4k NOK. Equity -2.23m NOK → -1.85m NOK.

On the constructive side: revenue rose; operating result improved; turned profitable.

Net constructive year on the published lines.

At a glance

Scorecard

Revenue
1.55m NOK 1.67m NOK
+7.6%
Operating result
+340.3k NOK +409.5k NOK
+20.3%
Net result
-341.2k NOK +378.4k NOK
+210.9%
Equity
-2.23m NOK -1.85m NOK
+17.0%
Cash
358.4k NOK 416.4k NOK
+16.2%
Total assets
3.33m NOK 4.37m NOK
+31.3%

What improved

  • ↑

    Revenue rose

    Operating income / revenue moved from 1.55m NOK to 1.67m NOK (+7.6% YoY). Calculated

  • ↑

    Operating result improved

    Operating result +340.3k NOK → +409.5k NOK (op. margin 21.9% → 24.5%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 341.2k NOK to a profit of 378.4k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -2.23m NOK → -1.85m NOK (equity ratio -67.1% → -42.4%). Calculated

  • ↑

    Cash rose

    Bank deposits 358.4k NOK → 416.4k NOK (+16.2% YoY). Calculated