AITOS GASIFICATION TECHNOLOGY AS: årsregnskap 2017 vs 2016
Grew 514% on revenue, cash halved-plus
approved 2018-02-19; registry 2018-06-06; journal 2018 421884
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for AITOS GASIFICATION TECHNOLOGY AS. Revenue 70.0k NOK → 430.0k NOK (+514.3%). Equity 30.6k NOK → -144.4k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for AITOS GASIFICATION TECHNOLOGY AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 70.0k NOK to 430.0k NOK (+514.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +11.4k NOK → -226.9k NOK (op. margin 16.2% → -52.8%). Calculated
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↓
Equity eroded
Book equity 30.6k NOK → -144.4k NOK (equity ratio 11.1% → -54.4%). Calculated
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↓
Cash fell
Bank deposits 273.2k NOK → 18.3k NOK (-93.3% YoY). Calculated
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↓
Current ratio dropped below 1×
Current ratio 1.12× → 0.52× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -54.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation