LIFEKEYS AS: årsregnskap 2020 vs 2019
Grew 115% on revenue, returned to profit
approved 2021-08-31; registry 2021-10-04
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for LIFEKEYS AS. Revenue 2.06m NOK → 4.44m NOK (+115.1%). Net result -284.0k NOK → +865.8k NOK. Equity -1.07m NOK → -209.5k NOK.
On the constructive side: revenue rose; operating result improved; turned profitable.
Also worth watching: paid-in equity reduced; payroll increased; cogs moved. 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 2.06m NOK to 4.44m NOK (+115.1% YoY). Calculated
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Operating result improved
Operating result -286.5k NOK → +1.09m NOK (op. margin -13.9% → 24.5%). Calculated
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Turned profitable
Net result flipped from a loss of 284.0k NOK to a profit of 865.8k NOK. Calculated
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Equity strengthened
Book equity -1.07m NOK → -209.5k NOK (equity ratio -510.5% → -12.7%). Calculated
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Cash rose
Bank deposits 207.7k NOK → 997.5k NOK (+380.3% YoY). Calculated
Things to notice
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Paid-in equity reduced
Paid-in equity fell 28.7k NOK → 18.9k NOK — check capital reduction, conversion, or reclassification. Interpretation
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Payroll increased
Salary cost 754.4k NOK → 1.71m NOK (37% → 39% of revenue). Calculated
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COGS moved
COGS / varekostnad 958.5k NOK → 1.14m NOK (+19.4% YoY). Calculated