HOFSETH HOLDING AS

2008 FJERDINGBY

Finances

Return on Equity

154,41 %

Current Ratio

1,18

Debt-to-Equity Ratio

0,01

Key figures (NOK)	2022	2021	2020	2019
Revenue	578 000	596 000	688 000	390 000
Net Income	105 000	−5 000	−35 000	−28 000
Total Assets	229 000	115 000	196 000	100 000
Total Equity	68 000	−37 000	−32 000	2 000

Income (NOK)	2022	2021	2020	2019
Revenue	578 000	596 000	688 000	390 000
Expenditure	462 000	600 000	720 000	418 000
Operating Profit	117 000	−5 000	−32 000	−28 000
Financial Income	0	0	−2 000	0
Financial Costs	0	0	0	0
Financial Balance	0	0	−2 000	0
Earnings Before Tax	117 000	−5 000	−35 000	−28 000
Tax	12 000	0	0	0
Net Income	105 000	−5 000	−35 000	−28 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	41 000	17 000	17 000	24 000
Total Current Assets	189 000	99 000	180 000	76 000
Total Assets	229 000	115 000	196 000	100 000
Total Retained Equity	17 000	−82 000	−78 000	−43 000
Total Equity	68 000	−37 000	−32 000	2 000
Total Long-Term Debt	1 000	0	0	0
Total Current Debt	160 000	152 000	228 000	98 000
Total Equity and Debt	229 000	115 000	196 000	100 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	578 000	596 000	688 000	390 000
Other Income	0	0	0	0
Revenue	578 000	596 000	688 000	390 000
Cost of Goods Sold	0	0	0	0
Salary Costs	449 000	587 000	715 000	414 000
Depreciation	2 000	0	0	0
Impairment	0	0	0	0
Expenditure	462 000	600 000	720 000	418 000
Operating Profit	117 000	−5 000	−32 000	−28 000
Financial Income	0	0	−2 000	0
Financial Costs	0	0	0	0
Financial Balance	0	0	−2 000	0
Dividends	0	0	0	0
Net Income	105 000	−5 000	−35 000	−28 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	14 000	0	0	0
Total Tangible Assets	14 000	0	0	0
Total Fiancial Fixed Assets	27 000	17 000	17 000	24 000
Total Fixed Assets	41 000	17 000	17 000	24 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	85 000	113 000	194 000	90 000
Total Current Assets	189 000	99 000	180 000	76 000
Total Assets	229 000	115 000	196 000	100 000
Total Equity	68 000	−37 000	−32 000	2 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 000	0	0	0
Creditors	3 000	3 000	0	0
Unpaid Taxes	83 000	86 000	153 000	54 000
Dividends	0	0	0	0
Other Current Debt	63 000	63 000	75 000	44 000
Total Current Debt	160 000	152 000	228 000	98 000
Total Equity and Debt	229 000	115 000	196 000	100 000

Financial indicators	2022	2021	2020	2019
Return on Equity	154,41 %	13,51 %	109,38 %	−1 400 %
Debt-to-Equity Ratio	0,01	−0	−0	0
Operating Profit Margin	20,24 %	−0,84 %	−4,65 %	−7,18 %
Current Ratio	1,18	0,65	0,79	0,78
Quick Ratio	1,18	0,65	0,79	0,78
Equity Ratio	0,3	−0,32	−0,16	0,02
Gross Profit Margin	100 %	100 %	100 %	100 %