LIFECARE ASA: årsregnskap 2017 vs 2016
Shrank 66% on revenue, cash halved-plus
approved 2018-06-19; registry 2018-07-24; journal 2018 770353
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for LIFECARE ASA. Revenue 1.61m NOK → 551.1k NOK (-65.9%). Equity 5.85m NOK → -2.35m NOK.
On the constructive side: owners injected capital. Pressures included: revenue fell; equity eroded; cash fell.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for LIFECARE ASA.
At a glance
Scorecard
What improved
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↑
Owners injected capital
Paid-in equity rose 20.62m NOK → 20.85m NOK (+231.2k NOK). Reported fact
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 1.61m NOK to 551.1k NOK (-65.9% YoY). Calculated
-
↓
Equity eroded
Book equity 5.85m NOK → -2.35m NOK (equity ratio 314.4% → -197.6%). Calculated
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↓
Cash fell
Bank deposits 139.3k NOK → 2 489 NOK (-98.2% YoY). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 141.12× → 0.26× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
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↓
Payroll up without matching revenue
Salary cost 198.3k NOK → 228.2k NOK (12% → 41% of revenue). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -197.6% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 2.35m NOK → 1.50m NOK (-36.4% YoY). Calculated