HOFSETH AQUA AS

6005 ÅLESUND

Finances

Return on Equity

19,13 %

Current Ratio

1,36

Debt-to-Equity Ratio

1,5

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 090 518 000	614 257 000	553 967 000	630 749 000
Net Income	112 275 000	20 971 000	−17 310 000	102 794 000
Total Assets	2 285 825 000	1 382 892 000	959 766 000	920 457 000
Total Equity	587 010 000	474 734 000	453 763 000	471 189 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 090 518 000	614 257 000	553 967 000	630 749 000
Expenditure	982 484 000	677 041 000	549 626 000	488 841 000
Operating Profit	161 505 000	23 379 000	−13 839 000	143 823 000
Financial Income	4 239 000	13 201 000	1 137 000	1 164 000
Financial Costs	23 124 000	11 029 000	10 376 000	13 493 000
Financial Balance	−18 885 000	2 172 000	−9 239 000	−12 329 000
Earnings Before Tax	142 620 000	25 551 000	−23 078 000	131 495 000
Tax	30 344 000	4 579 000	−5 769 000	28 701 000
Net Income	112 275 000	20 971 000	−17 310 000	102 794 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 174 271 000	732 558 000	427 722 000	430 063 000
Total Current Assets	1 111 553 000	650 334 000	532 044 000	490 394 000
Total Assets	2 285 825 000	1 382 892 000	959 766 000	920 457 000
Total Retained Equity	406 757 000	294 482 000	273 510 000	290 937 000
Total Equity	587 010 000	474 734 000	453 763 000	471 189 000
Total Long-Term Debt	882 848 000	314 639 000	268 201 000	284 216 000
Total Current Debt	815 967 000	593 519 000	237 802 000	165 051 000
Total Equity and Debt	2 285 825 000	1 382 892 000	959 766 000	920 457 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 088 141 000	610 753 000	548 066 000	556 646 000
Other Income	2 377 000	3 504 000	5 901 000	74 103 000
Revenue	1 090 518 000	614 257 000	553 967 000	630 749 000
Cost of Goods Sold	697 749 000	452 681 000	341 859 000	299 234 000
Salary Costs	80 274 000	66 433 000	62 005 000	57 320 000
Depreciation	53 694 000	44 057 000	42 861 000	33 804 000
Impairment	0	0	0	0
Expenditure	982 484 000	677 041 000	549 626 000	488 841 000
Operating Profit	161 505 000	23 379 000	−13 839 000	143 823 000
Financial Income	4 239 000	13 201 000	1 137 000	1 164 000
Financial Costs	23 124 000	11 029 000	10 376 000	13 493 000
Financial Balance	−18 885 000	2 172 000	−9 239 000	−12 329 000
Dividends	0	0	0	37 000 000
Net Income	112 275 000	20 971 000	−17 310 000	102 794 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 000 000	5 000 000	5 000 000	5 000 000
Real Eastate	591 119 000	310 630 000	198 156 000	206 180 000
Machinery and Plant Facilities	560 150 000	398 244 000	203 621 000	199 485 000
Fixtures	2 140 000	2 820 000	3 057 000	3 510 000
Total Tangible Assets	1 153 408 000	711 695 000	404 834 000	409 175 000
Total Fiancial Fixed Assets	15 863 000	15 863 000	17 888 000	15 888 000
Total Fixed Assets	1 174 271 000	732 558 000	427 722 000	430 063 000
Stock	342 578 000	290 871 000	195 234 000	216 701 000
Total Investments	0	0	0	0
Cash, Bank	11 209 000	4 861 000	69 485 000	57 576 000
Total Current Assets	1 111 553 000	650 334 000	532 044 000	490 394 000
Total Assets	2 285 825 000	1 382 892 000	959 766 000	920 457 000
Total Equity	587 010 000	474 734 000	453 763 000	471 189 000
Short-Term Group Debt	0	0	57 960 000	6 034 000
Total Long-Term Debt	882 848 000	314 639 000	268 201 000	284 216 000
Creditors	773 339 000	413 410 000	68 779 000	47 011 000
Unpaid Taxes	6 001 000	4 785 000	17 976 000	4 057 000
Dividends	0	0	0	37 000 000
Other Current Debt	34 113 000	43 485 000	71 780 000	66 107 000
Total Current Debt	815 967 000	593 519 000	237 802 000	165 051 000
Total Equity and Debt	2 285 825 000	1 382 892 000	959 766 000	920 457 000

Financial indicators	2022	2021	2020	2019
Return on Equity	19,13 %	4,42 %	−3,81 %	21,82 %
Debt-to-Equity Ratio	1,5	0,66	0,59	0,6
Operating Profit Margin	14,81 %	3,81 %	−2,5 %	22,8 %
Current Ratio	1,36	1,1	2,24	2,97
Quick Ratio	2,35	2,15	12,5	−9,49
Equity Ratio	0,26	0,34	0,47	0,51
Gross Profit Margin	36,02 %	26,3 %	38,29 %	52,56 %