4GNS TELECOM AS: årsregnskap 2017 vs 2016
Grew 1387% on revenue, stronger earnings
approved 2018-06-29; registry 2018-07-16; journal 2018 694974
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 4GNS TELECOM AS. Revenue 267.5k NOK → 3.98m NOK (+1387.0%). Net result -481.8k NOK → -102.1k NOK. Equity -1.12m NOK → -1.22m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
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 267.5k NOK to 3.98m NOK (+1387.0% YoY). Calculated
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Operating result improved
Operating result -481.1k NOK → -100.4k NOK (op. margin -179.9% → -2.5%). Calculated
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Net result improved
Net result -481.8k NOK → -102.1k NOK (net margin -180.1% → -2.6%). Calculated
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Cash rose
Bank deposits 6 934 NOK → 513.3k NOK (+7302.7% YoY). Calculated
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Current ratio back above 1×
Current ratio 0.24× → 1.10×. Calculated
What deteriorated
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↓
Equity eroded
Book equity -1.12m NOK → -1.22m NOK (equity ratio -288.1% → -919.6%). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -919.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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Payroll increased
Salary cost 1.15m NOK → 2.72m NOK (431% → 69% of revenue). Calculated
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COGS moved
COGS / varekostnad 73.8k NOK → 494.0k NOK (+569.0% YoY). Calculated