LIFEKEYS AS: årsregnskap 2022 vs 2021
Grew 14% on revenue, weaker earnings, cash halved-plus
approved 2023-06-19; registry 2023-10-16
Summary
What changed
Comparing Årsregnskap 2022 with 2021 for LIFEKEYS AS. Revenue 6.60m NOK → 7.55m NOK (+14.3%). Net result -208.2k NOK → -4.41m NOK. Equity 4.72m NOK → 308.8k NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; 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 6.60m NOK to 7.55m NOK (+14.3% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -347.7k NOK → -4.20m NOK (op. margin -5.3% → -55.7%). Calculated
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↓
Net result weakened
Net result -208.2k NOK → -4.41m NOK (net margin -3.2% → -58.4%). Calculated
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↓
Equity eroded
Book equity 4.72m NOK → 308.8k NOK (equity ratio 68.0% → 10.7%). Calculated
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↓
Cash fell
Bank deposits 3.81m NOK → 486.9k NOK (-87.2% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.81m NOK → 486.9k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Payroll increased
Salary cost 3.24m NOK → 4.80m NOK (49% → 64% of revenue). Calculated
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·
COGS moved
COGS / varekostnad 2.76m NOK → 5.53m NOK (+99.9% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 1.81m NOK → 1.61m NOK. Reported fact
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·
Capitalised development moved
Development asset 1.81m NOK → 1.61m NOK. Reported fact