LIFEKEYS AS: årsregnskap 2019 vs 2018
Grew 61% on revenue, stronger earnings
approved 2020-05-01; registry 2020-09-29
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for LIFEKEYS AS. Revenue 1.28m NOK → 2.06m NOK (+60.7%). Net result -402.6k NOK → -284.0k NOK. Equity -781.3k NOK → -1.07m NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
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 1.28m NOK to 2.06m NOK (+60.7% YoY). Calculated
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↑
Operating result improved
Operating result -402.8k NOK → -286.5k NOK (op. margin -31.4% → -13.9%). Calculated
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Net result improved
Net result -402.6k NOK → -284.0k NOK (net margin -31.4% → -13.8%). Calculated
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↑
Cash rose
Bank deposits 123.3k NOK → 207.7k NOK (+68.4% YoY). Calculated
What deteriorated
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↓
Equity eroded
Book equity -781.3k NOK → -1.07m NOK (equity ratio -243.4% → -510.5%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -510.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Payroll increased
Salary cost 685.2k NOK → 754.4k NOK (53% → 37% of revenue). Calculated