4GNS TELECOM AS: årsregnskap 2011 vs 2010
Grew 1791% on revenue, returned to profit
approved 2012-06-25; registry 2012-08-07; journal 2012 589310
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for 4GNS TELECOM AS. Revenue 223.2k NOK → 4.22m NOK (+1790.9%). Net result -1.00m NOK → +466.1k NOK. Equity -927.5k NOK → -461.3k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable. Pressures included: cash fell.
Also worth watching: thin equity buffer; payroll increased; cogs moved. All figures are taken from the published annual accounts for 4GNS TELECOM AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 223.2k NOK to 4.22m NOK (+1790.9% YoY). Calculated
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↑
Operating result improved
Operating result -985.6k NOK → +292.5k NOK (op. margin -441.5% → 6.9%). Calculated
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Turned profitable
Net result flipped from a loss of 1.00m NOK to a profit of 466.1k NOK. Calculated
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↑
Equity strengthened
Book equity -927.5k NOK → -461.3k NOK (equity ratio -124.4% → -280.2%). Calculated
What deteriorated
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↓
Cash fell
Bank deposits 596.7k NOK → 493.1k NOK (-17.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -280.2% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.53m NOK → 3.13m NOK (684% → 74% of revenue). Calculated
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COGS moved
COGS / varekostnad 117.0k NOK → 540.7k NOK (+362.3% YoY). Calculated