HOFSETH INVEST AS

6065 ULSTEINVIK

Finances

Return on Equity

4,97 %

Current Ratio

3,28

Debt-to-Equity Ratio

0,55

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 137 000	6 366 000	6 093 000	6 320 000
Net Income	101 000	344 000	481 000	39 000
Total Assets	4 118 000	4 188 000	3 762 000	3 755 000
Total Equity	2 031 000	1 930 000	1 585 000	1 914 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 137 000	6 366 000	6 093 000	6 320 000
Expenditure	5 952 000	5 876 000	5 425 000	6 241 000
Operating Profit	184 000	490 000	668 000	79 000
Financial Income	1 000	0	0	1 000
Financial Costs	54 000	48 000	50 000	30 000
Financial Balance	−53 000	−48 000	−50 000	−29 000
Earnings Before Tax	131 000	442 000	618 000	50 000
Tax	29 000	98 000	137 000	12 000
Net Income	101 000	344 000	481 000	39 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	906 000	1 043 000	1 181 000	1 448 000
Total Current Assets	3 212 000	3 146 000	2 580 000	2 307 000
Total Assets	4 118 000	4 188 000	3 762 000	3 755 000
Total Retained Equity	1 956 000	1 855 000	1 510 000	1 764 000
Total Equity	2 031 000	1 930 000	1 585 000	1 914 000
Total Long-Term Debt	1 108 000	1 297 000	1 500 000	1 000 000
Total Current Debt	979 000	962 000	676 000	841 000
Total Equity and Debt	4 118 000	4 188 000	3 762 000	3 755 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 137 000	6 366 000	5 929 000	6 320 000
Other Income	0	0	164 000	0
Revenue	6 137 000	6 366 000	6 093 000	6 320 000
Cost of Goods Sold	3 162 000	3 068 000	2 906 000	3 179 000
Salary Costs	1 548 000	1 523 000	1 375 000	1 854 000
Depreciation	132 000	132 000	148 000	48 000
Impairment	0	0	0	0
Expenditure	5 952 000	5 876 000	5 425 000	6 241 000
Operating Profit	184 000	490 000	668 000	79 000
Financial Income	1 000	0	0	1 000
Financial Costs	54 000	48 000	50 000	30 000
Financial Balance	−53 000	−48 000	−50 000	−29 000
Dividends	0	0	0	0
Net Income	101 000	344 000	481 000	39 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	5 000	11 000	130 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	906 000	1 038 000	1 170 000	1 319 000
Total Tangible Assets	906 000	1 038 000	1 170 000	1 319 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	906 000	1 043 000	1 181 000	1 448 000
Stock	892 000	927 000	929 000	983 000
Total Investments	0	0	0	0
Cash, Bank	2 208 000	1 892 000	1 324 000	994 000
Total Current Assets	3 212 000	3 146 000	2 580 000	2 307 000
Total Assets	4 118 000	4 188 000	3 762 000	3 755 000
Total Equity	2 031 000	1 930 000	1 585 000	1 914 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 108 000	1 297 000	1 500 000	1 000 000
Creditors	273 000	262 000	183 000	343 000
Unpaid Taxes	471 000	368 000	295 000	123 000
Dividends	0	0	0	0
Other Current Debt	226 000	241 000	180 000	374 000
Total Current Debt	979 000	962 000	676 000	841 000
Total Equity and Debt	4 118 000	4 188 000	3 762 000	3 755 000

Financial indicators	2022	2021	2020	2019
Return on Equity	4,97 %	17,82 %	30,35 %	2,04 %
Debt-to-Equity Ratio	0,55	0,67	0,95	0,52
Operating Profit Margin	3 %	7,7 %	10,96 %	1,25 %
Current Ratio	3,28	3,27	3,82	2,74
Quick Ratio	36,92	89,89	−10,2	−16,25
Equity Ratio	0,49	0,46	0,42	0,51
Gross Profit Margin	48,48 %	51,81 %	52,31 %	49,7 %