Org.nr 989 270 273 2008 → 2009 Year-over-year analysis

HESTNES-LANDE HOLDING AS: årsregnskap 2009 vs 2008

Grew 460% on revenue

approved 2010-06-30; registry 2010-08-25; journal 2010 639703

Summary

What changed

Comparing Årsregnskap 2009 with 2008 for HESTNES-LANDE HOLDING AS. Revenue 452.0k NOK → 2.53m NOK (+459.9%). Equity 1.11m NOK → 1.13m NOK.

On the constructive side: revenue rose; equity strengthened; payroll decreased. Pressures included: current ratio dropped below 1×.

Also worth watching: cogs fell; book investments changed. All figures are taken from the published annual accounts for HESTNES-LANDE HOLDING AS.

At a glance

Revenue

452.0k NOK 2.53m NOK

+459.9%

Operating result

+105.5k NOK n/m

—

Equity

1.11m NOK 1.13m NOK

+1.1%

Total assets

3.60m NOK 4.04m NOK

+12.3%

↑
Revenue rose

Operating income / revenue moved from 452.0k NOK to 2.53m NOK (+459.9% YoY). Calculated
↑
Equity strengthened

Book equity 1.11m NOK → 1.13m NOK (equity ratio 31.0% → 27.9%). Calculated
↑
Payroll decreased

Salary cost 2.99m NOK → 1.33m NOK (661% → 52% of revenue). Calculated

↓
Current ratio dropped below 1×

Current ratio 2.17× → 0.84× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated

·
COGS fell

COGS / varekostnad 69.9k NOK → 50.2k NOK (-28.3% YoY). Calculated
·
Book investments changed

Investment / intangible book value 204.6k NOK → 806.8k NOK. Reported fact