4GNS TELECOM AS: årsregnskap 2019 vs 2018
Shrank 96% on revenue, stronger earnings, cash halved-plus
approved 2020-05-11; registry 2020-06-13; journal 2020 430894
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 4GNS TELECOM AS. Revenue 3.54m NOK → 154.9k NOK (-95.6%). Net result -789.5k NOK → -300.0k NOK. Equity -2.01m NOK → -2.31m 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; cogs fell. 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 -791.8k NOK → -297.6k NOK (op. margin -22.4% → -192.1%). Calculated
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Net result improved
Net result -789.5k NOK → -300.0k NOK (net margin -22.3% → -193.6%). Calculated
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Payroll decreased
Salary cost 3.03m NOK → 1.12m NOK (86% → 724% of revenue). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 3.54m NOK to 154.9k NOK (-95.6% YoY). Calculated
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↓
Equity eroded
Book equity -2.01m NOK → -2.31m NOK (equity ratio -255.1% → -897.3%). Calculated
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↓
Cash fell
Bank deposits 299.6k NOK → 64.7k NOK (-78.4% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -897.3% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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COGS fell
COGS / varekostnad 466.3k NOK → 5 985 NOK (-98.7% YoY). Calculated