HOFSETH AALESUND AS

6005 ÅLESUND

Finances

Share Ownership

Return on Equity

−30,7 %

Current Ratio

1,26

Debt-to-Equity Ratio

0,11

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 697 142 000	1 327 747 000	1 252 893 000	1 631 000 000
Net Income	−57 643 000	−18 216 000	36 995 000	9 026 000
Total Assets	574 964 000	592 661 000	504 383 000	633 241 000
Total Equity	187 745 000	245 388 000	258 604 000	25 389 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 697 142 000	1 327 747 000	1 252 893 000	1 631 000 000
Expenditure	1 727 017 000	1 326 135 000	1 208 670 000	1 589 258 000
Operating Profit	−42 092 000	−5 897 000	13 946 000	34 285 000
Financial Income	3 865 000	8 617 000	56 281 000	88 048 000
Financial Costs	35 694 000	26 094 000	32 323 000	111 027 000
Financial Balance	−31 829 000	−17 477 000	23 958 000	−22 979 000
Earnings Before Tax	−73 921 000	−23 373 000	37 904 000	11 306 000
Tax	−16 278 000	−5 158 000	909 000	2 280 000
Net Income	−57 643 000	−18 216 000	36 995 000	9 026 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	113 701 000	96 487 000	80 499 000	97 889 000
Total Current Assets	461 262 000	496 174 000	423 884 000	535 352 000
Total Assets	574 964 000	592 661 000	504 383 000	633 241 000
Total Retained Equity	−57 643 000	0	13 404 000	10 189 000
Total Equity	187 745 000	245 388 000	258 604 000	25 389 000
Total Long-Term Debt	20 288 000	23 498 000	17 947 000	315 393 000
Total Current Debt	366 930 000	323 775 000	227 831 000	292 459 000
Total Equity and Debt	574 964 000	592 661 000	504 383 000	633 241 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 690 863 000	1 323 121 000	1 247 007 000	1 630 927 000
Other Income	6 278 000	4 626 000	5 886 000	73 000
Revenue	1 697 142 000	1 327 747 000	1 252 893 000	1 631 000 000
Cost of Goods Sold	1 427 890 000	1 074 499 000	990 861 000	1 339 236 000
Salary Costs	102 478 000	101 790 000	91 718 000	78 308 000
Depreciation	15 106 000	13 031 000	11 371 000	11 424 000
Impairment	0	0	0	0
Expenditure	1 727 017 000	1 326 135 000	1 208 670 000	1 589 258 000
Operating Profit	−42 092 000	−5 897 000	13 946 000	34 285 000
Financial Income	3 865 000	8 617 000	56 281 000	88 048 000
Financial Costs	35 694 000	26 094 000	32 323 000	111 027 000
Financial Balance	−31 829 000	−17 477 000	23 958 000	−22 979 000
Dividends	0	0	33 780 000	0
Net Income	−57 643 000	−18 216 000	36 995 000	9 026 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	18 813 000	2 534 000	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	84 815 000	90 126 000	76 671 000	81 796 000
Fixtures	2 411 000	2 727 000	2 923 000	3 298 000
Total Tangible Assets	87 225 000	92 853 000	79 594 000	85 093 000
Total Fiancial Fixed Assets	7 663 000	1 100 000	906 000	12 796 000
Total Fixed Assets	113 701 000	96 487 000	80 499 000	97 889 000
Stock	85 501 000	89 688 000	97 197 000	127 474 000
Total Investments	0	0	0	0
Cash, Bank	591 000	49 412 000	15 476 000	6 816 000
Total Current Assets	461 262 000	496 174 000	423 884 000	535 352 000
Total Assets	574 964 000	592 661 000	504 383 000	633 241 000
Total Equity	187 745 000	245 388 000	258 604 000	25 389 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	20 288 000	23 498 000	17 947 000	315 393 000
Creditors	275 831 000	272 690 000	157 160 000	284 006 000
Unpaid Taxes	1 050 000	1 090 000	966 000	605 000
Dividends	0	0	33 780 000	0
Other Current Debt	1 977 000	4 122 000	1 118 000	1 461 000
Total Current Debt	366 930 000	323 775 000	227 831 000	292 459 000
Total Equity and Debt	574 964 000	592 661 000	504 383 000	633 241 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−30,7 %	−7,42 %	14,31 %	35,55 %
Debt-to-Equity Ratio	0,11	0,1	0,07	12,42
Operating Profit Margin	−2,48 %	−0,44 %	1,11 %	2,1 %
Current Ratio	1,26	1,53	1,86	1,83
Quick Ratio	1,64	2,12	3,24	3,24
Equity Ratio	0,33	0,41	0,51	0,04
Gross Profit Margin	15,87 %	19,07 %	20,91 %	17,89 %