HOFSETH UTVIKLING AS

6016 ÅLESUND

Finances

Return on Equity

10,19 %

Current Ratio

0,9

Debt-to-Equity Ratio

4,7

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 338 000	1 300 000	1 350 000	1 300 000
Net Income	214 000	952 000	137 000	−87 000
Total Assets	23 948 000	29 076 000	28 318 000	27 392 000
Total Equity	2 100 000	3 245 000	2 292 000	2 155 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 338 000	1 300 000	1 350 000	1 300 000
Expenditure	574 000	640 000	689 000	868 000
Operating Profit	764 000	660 000	661 000	432 000
Financial Income	0	780 000	0	0
Financial Costs	550 000	419 000	524 000	519 000
Financial Balance	−550 000	361 000	−524 000	−519 000
Earnings Before Tax	214 000	1 021 000	137 000	−87 000
Tax	0	69 000	0	0
Net Income	214 000	952 000	137 000	−87 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	13 183 000	13 440 000	13 792 000	14 195 000
Total Current Assets	10 765 000	15 636 000	14 525 000	13 197 000
Total Assets	23 948 000	29 076 000	28 318 000	27 392 000
Total Retained Equity	1 943 000	2 950 000	1 998 000	1 860 000
Total Equity	2 100 000	3 245 000	2 292 000	2 155 000
Total Long-Term Debt	9 878 000	15 016 000	15 600 000	15 000 000
Total Current Debt	11 970 000	10 815 000	10 426 000	10 237 000
Total Equity and Debt	23 948 000	29 076 000	28 318 000	27 392 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 248 000	0	0	0
Other Income	90 000	1 300 000	1 350 000	1 300 000
Revenue	1 338 000	1 300 000	1 350 000	1 300 000
Cost of Goods Sold	0	0	0	0
Salary Costs	0	0	0	0
Depreciation	332 000	352 000	353 000	383 000
Impairment	0	0	0	0
Expenditure	574 000	640 000	689 000	868 000
Operating Profit	764 000	660 000	661 000	432 000
Financial Income	0	780 000	0	0
Financial Costs	550 000	419 000	524 000	519 000
Financial Balance	−550 000	361 000	−524 000	−519 000
Dividends	0	0	0	0
Net Income	214 000	952 000	137 000	−87 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	13 086 000	13 376 000	13 667 000	13 957 000
Machinery and Plant Facilities	0	0	0	0
Fixtures	68 000	34 000	96 000	208 000
Total Tangible Assets	13 153 000	13 410 000	13 762 000	14 165 000
Total Fiancial Fixed Assets	30 000	30 000	30 000	30 000
Total Fixed Assets	13 183 000	13 440 000	13 792 000	14 195 000
Stock	0	14 228 000	13 401 000	12 579 000
Total Investments	0	0	0	0
Cash, Bank	19 000	10 000	6 000	3 000
Total Current Assets	10 765 000	15 636 000	14 525 000	13 197 000
Total Assets	23 948 000	29 076 000	28 318 000	27 392 000
Total Equity	2 100 000	3 245 000	2 292 000	2 155 000
Short-Term Group Debt	1 177 000	0	0	90 000
Total Long-Term Debt	9 878 000	15 016 000	15 600 000	15 000 000
Creditors	1 149 000	835 000	611 000	419 000
Unpaid Taxes	21 000	129 000	165 000	22 000
Dividends	0	0	0	0
Other Current Debt	28 000	185 000	132 000	31 000
Total Current Debt	11 970 000	10 815 000	10 426 000	10 237 000
Total Equity and Debt	23 948 000	29 076 000	28 318 000	27 392 000

Financial indicators	2022	2021	2020	2019
Return on Equity	10,19 %	29,34 %	5,98 %	−4,04 %
Debt-to-Equity Ratio	4,7	4,63	6,81	6,96
Operating Profit Margin	57,1 %	50,77 %	48,96 %	33,23 %
Current Ratio	0,9	1,45	1,39	1,29
Quick Ratio	0,9	−4,58	−4,88	−5,63
Equity Ratio	0,09	0,11	0,08	0,08
Gross Profit Margin	100 %	100 %	100 %	100 %