HESTNES-LANDE HOLDING AS: årsregnskap 2018 vs 2017
Stronger earnings
approved 2019-05-16; registry 2019-06-08; journal 2019 395330
Summary
What changed
Comparing Årsregnskap 2018 with 2017 for HESTNES-LANDE HOLDING AS. Revenue 0 NOK → 25.2k NOK. Net result -22.3k NOK → -2 748 NOK. Equity 8 548 NOK → 5 800 NOK.
On the constructive side: revenue rose; operating result improved; net result improved. Pressures included: equity eroded.
Also worth watching: thin equity buffer; 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 0 NOK to 25.2k NOK. Calculated
-
↑
Operating result improved
Operating result -16.8k NOK → -1 978 NOK. Calculated
-
↑
Net result improved
Net result -22.3k NOK → -2 748 NOK. Calculated
-
↑
Cash rose
Bank deposits 20.2k NOK → 27.5k NOK (+36.2% YoY). Calculated
What deteriorated
-
↓
Equity eroded
Book equity 8 548 NOK → 5 800 NOK (equity ratio 2.1% → 1.0%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is 1.0% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 21.0k NOK → 4.18m NOK. Reported fact