4GNS TELECOM AS: årsregnskap 2020 vs 2019
Shrank 74% on revenue, returned to profit, cash halved-plus
approved 2021-04-30; registry 2021-06-12; journal 2021 414500
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for 4GNS TELECOM AS. Revenue 154.9k NOK → 39.8k NOK (-74.3%). Net result -300.0k NOK → +39.4k NOK. Equity -2.31m NOK → -2.27m NOK.
On the constructive side: operating result improved; turned profitable; equity strengthened. Pressures included: revenue fell; 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 -297.6k NOK → +41.0k NOK (op. margin -192.1% → 103.2%). Calculated
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Turned profitable
Net result flipped from a loss of 300.0k NOK to a profit of 39.4k NOK. Calculated
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Equity strengthened
Book equity -2.31m NOK → -2.27m NOK (equity ratio -897.3% → -9907.9%). Calculated
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Payroll decreased
Salary cost 1.12m NOK → -23.1k NOK (724% → -58% of revenue). Calculated
What deteriorated
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Revenue fell
Operating income / revenue moved from 154.9k NOK to 39.8k NOK (-74.3% YoY). Calculated
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Cash fell
Bank deposits 64.7k NOK → 23.0k NOK (-64.5% YoY). Calculated
Things to notice
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Thin equity buffer
Equity ratio is -9907.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation