HESTNES-LANDE HOLDING AS: årsregnskap 2017 vs 2016
Shrank 100% on revenue, stronger earnings
approved 2018-06-13; registry 2018-06-26; journal 2018 568334
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for HESTNES-LANDE HOLDING AS. Revenue 164 NOK → 0 NOK (-100.0%). Net result -548.3k NOK → -22.3k NOK. Equity 30.8k NOK → 8 548 NOK.
On the constructive side: operating result improved; net result improved. Pressures included: revenue fell; equity eroded; cash fell.
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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↑
Operating result improved
Operating result -167.4k NOK → -16.8k NOK. Calculated
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↑
Net result improved
Net result -548.3k NOK → -22.3k NOK. Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 164 NOK to 0 NOK (-100.0% YoY). Calculated
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↓
Equity eroded
Book equity 30.8k NOK → 8 548 NOK (equity ratio 7.0% → 2.1%). Calculated
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↓
Cash fell
Bank deposits 21.9k NOK → 20.2k NOK (-7.6% YoY). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 2.1% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation