HESTNES-LANDE HOLDING AS: årsregnskap 2021 vs 2020
Slipped into loss, cash halved-plus
registry 2022-05-11; journal 2022 278014
Summary
What changed
Comparing Årsregnskap 2021 with 2020 for HESTNES-LANDE HOLDING AS. Net result +976.5k NOK → -163.0k NOK. Equity 919.4k NOK → 756.4k NOK.
Pressures included: operating result weakened; fell into a net loss; equity eroded.
Also worth watching: sharp cash drawdown; book investments changed. All figures are taken from the published annual accounts for HESTNES-LANDE HOLDING AS.
At a glance
Scorecard
What deteriorated
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↓
Operating result weakened
Operating result -26.9k NOK → -653.5k NOK. Calculated
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↓
Fell into a net loss
Net result flipped from 976.5k NOK profit to a loss of 163.0k NOK. Calculated
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↓
Equity eroded
Book equity 919.4k NOK → 756.4k NOK (equity ratio 112.7% → 86.5%). Calculated
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↓
Cash fell
Bank deposits 3.13m NOK → 19.1k NOK (-99.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (3.13m NOK → 19.1k NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Book investments changed
Investment / intangible book value 5.39m NOK → 479.8k NOK. Reported fact