LIFECARE ASA: årsregnskap 2014 vs 2013
Shrank 96% on revenue, returned to profit
approved 2015-06-16; registry 2015-10-05; journal 2015 906463
Summary
What changed
Comparing Årsregnskap 2014 with 2013 for LIFECARE ASA. Revenue 358.7k NOK → 14.7k NOK (-95.9%). Net result -1.81m NOK → +5 171 NOK. Equity 7.23m NOK → 510.7k NOK.
On the constructive side: turned profitable; current ratio back above 1×. Pressures included: revenue fell; operating result weakened; equity eroded.
Also worth watching: paid-in equity reduced; cogs fell. All figures are taken from the published annual accounts for LIFECARE ASA.
At a glance
Scorecard
What improved
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↑
Turned profitable
Net result flipped from a loss of 1.81m NOK to a profit of 5 171 NOK. Calculated
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↑
Current ratio back above 1×
Current ratio 0.05× → 8.47×. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 358.7k NOK to 14.7k NOK (-95.9% YoY). Calculated
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↓
Operating result weakened
Operating result -1.83m NOK → -5.17m NOK (op. margin -511.2% → -35211.8%). Calculated
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↓
Equity eroded
Book equity 7.23m NOK → 510.7k NOK (equity ratio 3948.4% → 18.0%). Calculated
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↓
Cash fell
Bank deposits 618.0k NOK → 476.0k NOK (-23.0% YoY). Calculated
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↓
Payroll up without matching revenue
Salary cost 251.0k NOK → 704.0k NOK (70% → 4799% of revenue). Calculated
Things to notice
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·
Paid-in equity reduced
Paid-in equity fell 12.00m NOK → 7.80m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
COGS fell
COGS / varekostnad 553.7k NOK → 40.2k NOK (-92.7% YoY). Calculated