AITOS GASIFICATION TECHNOLOGY AS: årsregnskap 2018 vs 2017
Shrank 64% on revenue
approved 2019-06-29; registry 2019-07-09; journal 2019 655701
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for AITOS GASIFICATION TECHNOLOGY AS. Revenue 430.0k NOK → 156.0k NOK (-63.7%). Equity -144.4k NOK → -233.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; cogs moved.
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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↑
Cash rose
Bank deposits 18.3k NOK → 148.8k NOK (+714.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 430.0k NOK to 156.0k NOK (-63.7% YoY). Calculated
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↓
Equity eroded
Book equity -144.4k NOK → -233.8k NOK (equity ratio -54.4% → -103.5%). Calculated
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↓
COGS moved
COGS / varekostnad 2 302 NOK → 141.2k NOK (+6034.8% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -103.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation