HESTNES-LANDE HOLDING AS: årsregnskap 2011 vs 2010
Grew 18% on revenue, stronger earnings
approved 2012-06-30; registry 2012-09-15; journal 2012 779323
Summary
What changed
Comparing Årsregnskap 2011 with 2010 for HESTNES-LANDE HOLDING AS. Revenue 2.35m NOK → 2.78m NOK (+18.2%). Net result +31.0k NOK → +624.5k NOK. Equity 1.16m NOK → 1.73m NOK.
On the constructive side: revenue rose; net result improved; equity strengthened. Pressures included: operating result weakened.
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
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.35m NOK to 2.78m NOK (+18.2% YoY). Calculated
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Net result improved
Net result +31.0k NOK → +624.5k NOK (net margin 1.3% → 22.5%). Calculated
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Equity strengthened
Book equity 1.16m NOK → 1.73m NOK (equity ratio 25.4% → 34.6%). Calculated
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Cash rose
Bank deposits 174.8k NOK → 198.9k NOK (+13.8% YoY). Calculated
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Payroll decreased
Salary cost 1.19m NOK → 1.07m NOK (51% → 39% of revenue). Calculated
What deteriorated
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↓
Operating result weakened
Operating result +520.34m NOK → +1 071 NOK (op. margin 22165.9% → 0.0%). Calculated
Things to notice
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·
COGS fell
COGS / varekostnad 84.0k NOK → 15.4k NOK (-81.6% YoY). Calculated
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·
Book investments changed
Investment / intangible book value 589.7k NOK → 459.7k NOK. Reported fact