LIFEKEYS AS: årsregnskap 2018 vs 2017
Grew 3435% on revenue, cash halved-plus, fresh owner capital
approved 2019-05-01; registry 2019-08-01
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for LIFEKEYS AS. Revenue 36.3k NOK → 1.28m NOK (+3434.5%). Net result -398.0k NOK → -402.6k NOK. Equity -379.1k NOK → -781.3k NOK.
On the constructive side: revenue rose; owners injected capital. Pressures included: operating result weakened; equity eroded; cash fell.
Also worth watching: thin equity buffer; payroll increased. All figures are taken from the published annual accounts for LIFEKEYS AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 36.3k NOK to 1.28m NOK (+3434.5% YoY). Calculated
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↑
Owners injected capital
Paid-in equity rose 18.9k NOK → 28.7k NOK (+9 845 NOK). Reported fact
What deteriorated
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↓
Operating result weakened
Operating result -398.2k NOK → -402.8k NOK (op. margin -1096.9% → -31.4%). Calculated
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↓
Equity eroded
Book equity -379.1k NOK → -781.3k NOK (equity ratio -55.5% → -243.4%). Calculated
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↓
Cash fell
Bank deposits 683.0k NOK → 123.3k NOK (-81.9% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -243.4% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 192.6k NOK → 685.2k NOK (531% → 53% of revenue). Calculated