Org.nr 989 270 273 2011 → 2012 Year-over-year analysis

HESTNES-LANDE HOLDING AS: årsregnskap 2012 vs 2011

Shrank 72% on revenue, cash halved-plus

approved 2013-06-30; registry 2013-09-30; journal 2013 828616

Summary

What changed

Comparing Årsregnskap 2012 with 2011 for HESTNES-LANDE HOLDING AS. Revenue 2.78m NOK → 763.5k NOK (-72.5%). Equity 1.73m NOK → 963.3k NOK.

On the constructive side: payroll decreased. Pressures included: revenue fell; equity eroded; cash fell.

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

At a glance

Revenue

2.78m NOK 763.5k NOK

-72.5%

Operating result

+1 071 NOK n/m

—

Net result

+624.5k NOK n/m

—

Equity

1.73m NOK 963.3k NOK

-44.2%

Cash

198.9k NOK 30.9k NOK

-84.5%

Total assets

4.98m NOK 3.52m NOK

-29.4%

↑
Payroll decreased

Salary cost 1.07m NOK → 86 NOK (39% → 0% of revenue). Calculated

↓
Revenue fell

Operating income / revenue moved from 2.78m NOK to 763.5k NOK (-72.5% YoY). Calculated
↓
Equity eroded

Book equity 1.73m NOK → 963.3k NOK (equity ratio 34.6% → 27.4%). Calculated
↓
Cash fell

Bank deposits 198.9k NOK → 30.9k NOK (-84.5% YoY). Calculated

·
Book investments changed

Investment / intangible book value 459.7k NOK → 4 459 NOK. Reported fact