4GNS TELECOM AS: årsregnskap 2010 vs 2009
Shrank 56% on revenue
approved 2011-06-30; registry 2011-08-23; journal 2011 618385
Summary
What changed
Comparing Årsregnskap 2010 with 2009 for 4GNS TELECOM AS. Revenue 510.9k NOK → 223.2k NOK (-56.3%). Equity 74.2k NOK → -927.5k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for 4GNS TELECOM AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 1 960 NOK → 596.7k NOK (+30346.2% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 510.9k NOK to 223.2k NOK (-56.3% YoY). Calculated
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↓
Operating result weakened
Operating result +64.6k NOK → -985.6k NOK (op. margin 12.6% → -441.5%). Calculated
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↓
Equity eroded
Book equity 74.2k NOK → -927.5k NOK (equity ratio 89.9% → -124.4%). Calculated
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↓
Payroll up without matching revenue
Salary cost 1.36m NOK → 1.53m NOK (266% → 684% of revenue). Calculated
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↓
COGS moved
COGS / varekostnad 35.8k NOK → 117.0k NOK (+227.1% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -124.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation