HESTNES-LANDE HOLDING AS: årsregnskap 2016 vs 2015
Shrank 100% on revenue, weaker earnings
approved 2017-05-29; registry 2017-06-12; journal 2017 427933
Summary
What changed
Comparing Årsregnskap 2016 with 2015 for HESTNES-LANDE HOLDING AS. Revenue 164.7k NOK → 164 NOK (-99.9%). Net result -10.8k NOK → -548.3k NOK. Equity 579.1k NOK → 30.8k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
Also worth watching: thin equity buffer. All figures are taken from the published annual accounts for HESTNES-LANDE HOLDING AS.
At a glance
Scorecard
What improved
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↑
Cash rose
Bank deposits 16.0k NOK → 21.9k NOK (+37.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 164.7k NOK to 164 NOK (-99.9% YoY). Calculated
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↓
Operating result weakened
Operating result +16.0k NOK → -167.4k NOK (op. margin 9.7% → -102098.8%). Calculated
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↓
Net result weakened
Net result -10.8k NOK → -548.3k NOK (net margin -6.5% → -334318.3%). Calculated
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↓
Equity eroded
Book equity 579.1k NOK → 30.8k NOK (equity ratio 53.0% → 7.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 7.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation