HOFSETH SPORT AS

6065 ULSTEINVIK

Finances

Share Ownership

Return on Equity

−14,11 %

Current Ratio

3,1

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	14 815 000	16 852 000	14 427 000	13 799 000
Net Income	−598 000	1 761 000	1 054 000	465 000
Total Assets	5 797 000	6 622 000	5 315 000	4 184 000
Total Equity	4 239 000	5 133 000	3 372 000	2 318 000

Income (NOK)	2022	2021	2020	2019
Revenue	14 815 000	16 852 000	14 427 000	13 799 000
Expenditure	15 351 000	14 972 000	13 073 000	13 177 000
Operating Profit	−535 000	1 880 000	1 355 000	621 000
Financial Income	0	0	1 000	6 000
Financial Costs	27 000	2 000	5 000	31 000
Financial Balance	−27 000	−2 000	−4 000	−25 000
Earnings Before Tax	−563 000	1 878 000	1 350 000	597 000
Tax	35 000	116 000	297 000	131 000
Net Income	−598 000	1 761 000	1 054 000	465 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	960 000	85 000	115 000	105 000
Total Current Assets	4 837 000	6 537 000	5 200 000	4 079 000
Total Assets	5 797 000	6 622 000	5 315 000	4 184 000
Total Retained Equity	3 861 000	4 755 000	2 994 000	1 940 000
Total Equity	4 239 000	5 133 000	3 372 000	2 318 000
Total Long-Term Debt	0	0	0	0
Total Current Debt	1 558 000	1 489 000	1 943 000	1 866 000
Total Equity and Debt	5 797 000	6 622 000	5 315 000	4 184 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	14 727 000	16 849 000	14 423 000	13 760 000
Other Income	88 000	3 000	4 000	39 000
Revenue	14 815 000	16 852 000	14 427 000	13 799 000
Cost of Goods Sold	9 509 000	9 716 000	8 330 000	7 929 000
Salary Costs	2 485 000	2 249 000	2 128 000	2 341 000
Depreciation	91 000	22 000	50 000	47 000
Impairment	0	0	0	0
Expenditure	15 351 000	14 972 000	13 073 000	13 177 000
Operating Profit	−535 000	1 880 000	1 355 000	621 000
Financial Income	0	0	1 000	6 000
Financial Costs	27 000	2 000	5 000	31 000
Financial Balance	−27 000	−2 000	−4 000	−25 000
Dividends	0	0	0	0
Net Income	−598 000	1 761 000	1 054 000	465 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	35 000	34 000	34 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	933 000	14 000	36 000	71 000
Total Tangible Assets	933 000	14 000	36 000	71 000
Total Fiancial Fixed Assets	27 000	36 000	45 000	0
Total Fixed Assets	960 000	85 000	115 000	105 000
Stock	3 527 000	3 561 000	2 559 000	2 836 000
Total Investments	0	0	0	0
Cash, Bank	158 000	2 830 000	2 248 000	122 000
Total Current Assets	4 837 000	6 537 000	5 200 000	4 079 000
Total Assets	5 797 000	6 622 000	5 315 000	4 184 000
Total Equity	4 239 000	5 133 000	3 372 000	2 318 000
Short-Term Group Debt	114 000	0	0	590 000
Total Long-Term Debt	0	0	0	0
Creditors	401 000	444 000	596 000	307 000
Unpaid Taxes	415 000	561 000	558 000	466 000
Dividends	0	0	0	0
Other Current Debt	628 000	367 000	492 000	501 000
Total Current Debt	1 558 000	1 489 000	1 943 000	1 866 000
Total Equity and Debt	5 797 000	6 622 000	5 315 000	4 184 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−14,11 %	34,31 %	31,26 %	20,06 %
Debt-to-Equity Ratio	0	0	0	0
Operating Profit Margin	−3,61 %	11,16 %	9,39 %	4,5 %
Current Ratio	3,1	4,39	2,68	2,19
Quick Ratio	−2,46	−3,15	−8,44	−4,21
Equity Ratio	0,73	0,78	0,63	0,55
Gross Profit Margin	35,82 %	42,35 %	42,26 %	42,54 %