Org.nr 990 251 657 2006 → 2007 Year-over-year analysis

LIFECARE ASA: årsregnskap 2007 vs 2006

Another loss-making year

approved 2008-07-15; registry 2008-09-09

Summary

What changed

Comparing Årsregnskap 2007 with 2006 for LIFECARE ASA. Net result -1.90m NOK → -1.81m NOK. Equity -1.69m NOK → -3.50m NOK.

On the constructive side: cash rose. Pressures included: operating result weakened; equity eroded.

Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for LIFECARE ASA.

At a glance

Revenue

n/m 3.69m NOK

—

Operating result

-1.91m NOK -2.29m NOK

-19.5%

Net result

-1.90m NOK -1.81m NOK

+4.9%

Equity

-1.69m NOK -3.50m NOK

-107.0%

Cash

4 809 NOK 150.2k NOK

+3023.1%

Total assets

2.53m NOK 1.07m NOK

-57.8%

↓
Operating result weakened

Operating result -1.91m NOK → -2.29m NOK. Calculated
↓
Equity eroded

Book equity -1.69m NOK → -3.50m NOK (equity ratio -66.8% → -327.1%). Calculated

·
Thin equity buffer

Equity ratio is -327.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
Payroll increased

Salary cost 2 NOK → 5 770 NOK. Calculated