HESTNES-LANDE HOLDING AS: årsregnskap 2019 vs 2018
Shrank 200% on revenue, weaker earnings
approved 2020-05-19; registry 2020-09-02; journal 2020 729528
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for HESTNES-LANDE HOLDING AS. Revenue 25.2k NOK → -25.2k NOK (-200.0%). Net result -2 748 NOK → -62.9k NOK. Equity 5 800 NOK → -57.1k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; operating result weakened; net result weakened.
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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↑
Cash rose
Bank deposits 27.5k NOK → 39.3k NOK (+43.0% YoY). Calculated
What deteriorated
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↓
Revenue fell
Operating income / revenue moved from 25.2k NOK to -25.2k NOK (-200.0% YoY). Calculated
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↓
Operating result weakened
Operating result -1 978 NOK → -54.7k NOK (op. margin -7.8% → 217.1%). Calculated
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↓
Net result weakened
Net result -2 748 NOK → -62.9k NOK (net margin -10.9% → 249.5%). Calculated
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↓
Equity eroded
Book equity 5 800 NOK → -57.1k NOK (equity ratio 1.0% → -11.9%). Calculated
Things to notice
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·
Thin equity buffer
Equity ratio is -11.9% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
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·
Book investments changed
Investment / intangible book value 4.18m NOK → 156.0k NOK. Reported fact