4GNS TELECOM AS: årsregnskap 2013 vs 2012
Shrank 96% on revenue, stronger earnings
approved 2014-06-27; registry 2014-09-02; journal 2014 751585
Summary
What changed
Comparing Årsregnskap 2013 with 2012 for 4GNS TELECOM AS. Revenue 2.95m NOK → 118.3k NOK (-96.0%). Net result -487.7k NOK → -38.1k NOK. Equity -781.3k NOK → -819.4k NOK.
On the constructive side: operating result improved; net result improved; payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.
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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Operating result improved
Operating result -636.4k NOK → +12.1k NOK (op. margin -21.6% → 10.2%). Calculated
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Net result improved
Net result -487.7k NOK → -38.1k NOK (net margin -16.6% → -32.2%). Calculated
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Payroll decreased
Salary cost 2.79m NOK → 1.99m NOK (95% → 1682% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 2.95m NOK to 118.3k NOK (-96.0% YoY). Calculated
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↓
Equity eroded
Book equity -781.3k NOK → -819.4k NOK (equity ratio -55.5% → -103.8%). Calculated
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↓
Cash fell
Bank deposits 523.8k NOK → 447.1k NOK (-14.6% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -103.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation