HOFSTAD VVS AS

7075 TILLER

Finances

Return on Equity

178,29 %

Current Ratio

1,08

Debt-to-Equity Ratio

0,66

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 279 000	8 747 000	8 285 000	3 847 000
Net Income	961 000	262 000	905 000	117 000
Total Assets	4 112 000	2 267 000	3 513 000	1 782 000
Total Equity	539 000	579 000	317 000	411 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 279 000	8 747 000	8 285 000	3 847 000
Expenditure	13 026 000	8 391 000	7 092 000	3 685 000
Operating Profit	1 253 000	356 000	1 194 000	162 000
Financial Income	4 000	0	0	1 000
Financial Costs	23 000	20 000	34 000	13 000
Financial Balance	−19 000	−20 000	−34 000	−12 000
Earnings Before Tax	1 234 000	336 000	1 161 000	149 000
Tax	273 000	74 000	255 000	33 000
Net Income	961 000	262 000	905 000	117 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	646 000	502 000	612 000	794 000
Total Current Assets	3 466 000	1 765 000	2 900 000	989 000
Total Assets	4 112 000	2 267 000	3 513 000	1 782 000
Total Retained Equity	439 000	479 000	217 000	311 000
Total Equity	539 000	579 000	317 000	411 000
Total Long-Term Debt	357 000	431 000	498 000	572 000
Total Current Debt	3 216 000	1 257 000	2 698 000	799 000
Total Equity and Debt	4 112 000	2 267 000	3 513 000	1 782 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 279 000	8 747 000	8 285 000	3 847 000
Other Income	0	0	0	0
Revenue	14 279 000	8 747 000	8 285 000	3 847 000
Cost of Goods Sold	4 826 000	2 771 000	2 843 000	1 250 000
Salary Costs	5 253 000	3 422 000	2 551 000	1 285 000
Depreciation	240 000	177 000	165 000	63 000
Impairment	0	0	0	0
Expenditure	13 026 000	8 391 000	7 092 000	3 685 000
Operating Profit	1 253 000	356 000	1 194 000	162 000
Financial Income	4 000	0	0	1 000
Financial Costs	23 000	20 000	34 000	13 000
Financial Balance	−19 000	−20 000	−34 000	−12 000
Dividends	1 000 000	0	1 000 000	0
Net Income	961 000	262 000	905 000	117 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	120 000	0	0	0
Total Intangible Assets	142 000	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	470 000	489 000	582 000	747 000
Total Tangible Assets	470 000	489 000	582 000	747 000
Total Fiancial Fixed Assets	35 000	14 000	30 000	47 000
Total Fixed Assets	646 000	502 000	612 000	794 000
Stock	124 000	125 000	83 000	24 000
Total Investments	0	0	0	0
Cash, Bank	1 927 000	729 000	2 423 000	649 000
Total Current Assets	3 466 000	1 765 000	2 900 000	989 000
Total Assets	4 112 000	2 267 000	3 513 000	1 782 000
Total Equity	539 000	579 000	317 000	411 000
Short-Term Group Debt	25 000	16 000	464 000	198 000
Total Long-Term Debt	357 000	431 000	498 000	572 000
Creditors	716 000	341 000	334 000	241 000
Unpaid Taxes	665 000	421 000	371 000	232 000
Dividends	1 000 000	0	1 000 000	0
Other Current Debt	504 000	396 000	264 000	128 000
Total Current Debt	3 216 000	1 257 000	2 698 000	799 000
Total Equity and Debt	4 112 000	2 267 000	3 513 000	1 782 000

Financial indicators	2022	2021	2020	2019
Return on Equity	178,29 %	45,25 %	285,49 %	28,47 %
Debt-to-Equity Ratio	0,66	0,74	1,57	1,39
Operating Profit Margin	8,78 %	4,07 %	14,41 %	4,21 %
Current Ratio	1,08	1,4	1,07	1,24
Quick Ratio	1,12	1,56	1,11	1,28
Equity Ratio	0,13	0,26	0,09	0,23
Gross Profit Margin	66,2 %	68,32 %	65,68 %	67,51 %