Org.nr 990 251 657 2010 → 2011 Year-over-year analysis

LIFECARE ASA: årsregnskap 2011 vs 2010

Shrank 161% on revenue, fresh owner capital

approved 2012-09-21; registry 2012-09-25; journal 2012 790221

Summary

What changed

Comparing Årsregnskap 2011 with 2010 for LIFECARE ASA. Revenue 1.10m NOK → -675.9k NOK (-161.5%). Equity -984.5k NOK → -3.13m NOK.

On the constructive side: owners injected capital. Pressures included: revenue fell; operating result weakened; equity eroded.

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

At a glance

Revenue

1.10m NOK -675.9k NOK

-161.5%

Operating result

-1.83m NOK -2.15m NOK

-17.6%

Net result

+995.5k NOK n/m

—

Equity

-984.5k NOK -3.13m NOK

-217.7%

Cash

n/m 353.7k NOK

—

Total assets

1.32m NOK 565.9k NOK

-57.2%

↑
Owners injected capital

Paid-in equity rose 766 NOK → 6.77m NOK (+6.77m NOK). Reported fact

↓
Revenue fell

Operating income / revenue moved from 1.10m NOK to -675.9k NOK (-161.5% YoY). Calculated
↓
Operating result weakened

Operating result -1.83m NOK → -2.15m NOK (op. margin -166.6% → 318.7%). Calculated
↓
Equity eroded

Book equity -984.5k NOK → -3.13m NOK (equity ratio -74.4% → -552.8%). Calculated

·
Thin equity buffer

Equity ratio is -552.8% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
·
COGS fell

COGS / varekostnad 2.66m NOK → 1.16m NOK (-56.3% YoY). Calculated