FirmaIQ
Org.nr 990 251 657 2007 → 2008 Year-over-year analysis

LIFECARE ASA: årsregnskap 2008 vs 2007

Shrank 26% on revenue, returned to profit

approved 2009-09-11; registry 2009-10-07

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2008 with 2007 for LIFECARE ASA. Revenue 3.69m NOK → 2.74m NOK (-25.9%). Net result -1.81m NOK → +2 008 NOK. Equity -3.50m NOK → -5.25m NOK.

On the constructive side: operating result improved; turned profitable. Pressures included: revenue fell; equity eroded; payroll up without matching revenue.

Also worth watching: cogs fell. All figures are taken from the published annual accounts for LIFECARE ASA.

At a glance

Scorecard

Revenue
3.69m NOK 2.74m NOK
-25.9%
Operating result
-2.29m NOK -1.38m NOK
+39.6%
Net result
-1.81m NOK +2 008 NOK
+100.1%
Equity
-3.50m NOK -5.25m NOK
-50.2%
Cash
150.2k NOK n/m
—
Total assets
1.07m NOK 2.12m NOK
+98.2%

What improved

  • ↑

    Operating result improved

    Operating result -2.29m NOK → -1.38m NOK (op. margin -61.9% → -50.4%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 1.81m NOK to a profit of 2 008 NOK. Calculated

What deteriorated

  • ↓

    Revenue fell

    Operating income / revenue moved from 3.69m NOK to 2.74m NOK (-25.9% YoY). Calculated

  • ↓

    Equity eroded

    Book equity -3.50m NOK → -5.25m NOK (equity ratio -327.1% → -247.8%). Calculated

  • ↓

    Payroll up without matching revenue

    Salary cost 5 770 NOK → 780.1k NOK (0% → 28% of revenue). Calculated

Things to notice

  • ·

    COGS fell

    COGS / varekostnad 4.58m NOK → 2.98m NOK (-35.0% YoY). Calculated