FirmaIQ
Org.nr 989 270 273 2019 → 2020 Year-over-year analysis

HESTNES-LANDE HOLDING AS: årsregnskap 2020 vs 2019

Returned to profit

registry 2021-04-12; journal 2021 188225

Full company analysis · All year comparisons

Summary

What changed

Comparing Årsregnskap 2020 with 2019 for HESTNES-LANDE HOLDING AS. Revenue -25.2k NOK → -25.2k NOK (0.0%). Net result -62.9k NOK → +976.5k NOK. Equity -57.1k NOK → 919.4k NOK.

On the constructive side: operating result improved; turned profitable; equity strengthened.

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

At a glance

Scorecard

Revenue
-25.2k NOK -25.2k NOK
0.0%
Operating result
-54.7k NOK -26.9k NOK
+50.8%
Net result
-62.9k NOK +976.5k NOK
+1653.2%
Equity
-57.1k NOK 919.4k NOK
+1711.0%
Cash
39.3k NOK 3.13m NOK
+7865.2%
Total assets
479.1k NOK 815.5k NOK
+70.2%

What improved

  • ↑

    Operating result improved

    Operating result -54.7k NOK → -26.9k NOK (op. margin 217.1% → 106.8%). Calculated

  • ↑

    Turned profitable

    Net result flipped from a loss of 62.9k NOK to a profit of 976.5k NOK. Calculated

  • ↑

    Equity strengthened

    Book equity -57.1k NOK → 919.4k NOK (equity ratio -11.9% → 112.7%). Calculated

  • ↑

    Cash rose

    Bank deposits 39.3k NOK → 3.13m NOK (+7865.2% YoY). Calculated

Things to notice

  • ·

    Book investments changed

    Investment / intangible book value 156.0k NOK → 5.39m NOK. Reported fact