HOFSETH AS

6140 SYVDE

Finances

Return on Equity

−1,38 %

Current Ratio

2,15

Debt-to-Equity Ratio

0,04

Key figures (NOK)	2022	2021	2020	2019
Revenue	1 832 971 000	1 450 517 000	1 747 533 000	1 475 993 000
Net Income	−9 130 000	80 364 000	294 943 000	−15 164 000
Total Assets	1 083 061 000	1 121 961 000	1 158 881 000	845 337 000
Total Equity	660 739 000	669 869 000	662 754 000	27 811 000

Income (NOK)	2022	2021	2020	2019
Revenue	1 832 971 000	1 450 517 000	1 747 533 000	1 475 993 000
Expenditure	1 777 654 000	1 403 345 000	1 567 583 000	1 476 441 000
Operating Profit	12 882 000	97 807 000	116 885 000	33 894 000
Financial Income	15 839 000	31 730 000	247 855 000	65 151 000
Financial Costs	40 439 000	26 523 000	47 971 000	118 777 000
Financial Balance	−24 600 000	5 207 000	199 884 000	−53 626 000
Earnings Before Tax	−11 718 000	103 014 000	316 769 000	−19 731 000
Tax	−2 588 000	22 651 000	21 826 000	−4 567 000
Net Income	−9 130 000	80 364 000	294 943 000	−15 164 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	228 457 000	59 876 000	72 975 000	179 156 000
Total Current Assets	854 604 000	1 062 085 000	1 085 906 000	666 181 000
Total Assets	1 083 061 000	1 121 961 000	1 158 881 000	845 337 000
Total Retained Equity	−1 761 000	7 369 000	254 000	−94 689 000
Total Equity	660 739 000	669 869 000	662 754 000	27 811 000
Total Long-Term Debt	23 929 000	18 967 000	23 126 000	562 963 000
Total Current Debt	398 392 000	433 125 000	473 002 000	254 563 000
Total Equity and Debt	1 083 061 000	1 121 961 000	1 158 881 000	845 337 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	1 822 498 000	1 440 236 000	1 737 832 000	1 475 993 000
Other Income	10 473 000	10 281 000	9 701 000	0
Revenue	1 832 971 000	1 450 517 000	1 747 533 000	1 475 993 000
Cost of Goods Sold	1 535 246 000	1 188 543 000	1 367 530 000	1 301 477 000
Salary Costs	86 484 000	88 297 000	95 483 000	74 195 000
Depreciation	14 840 000	15 267 000	15 345 000	15 033 000
Impairment	0	0	0	0
Expenditure	1 777 654 000	1 403 345 000	1 567 583 000	1 476 441 000
Operating Profit	12 882 000	97 807 000	116 885 000	33 894 000
Financial Income	15 839 000	31 730 000	247 855 000	65 151 000
Financial Costs	40 439 000	26 523 000	47 971 000	118 777 000
Financial Balance	−24 600 000	5 207 000	199 884 000	−53 626 000
Dividends	0	0	200 000 000	0
Net Income	−9 130 000	80 364 000	294 943 000	−15 164 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	5 853 000	3 266 000	5 257 000	27 083 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	56 580 000	55 850 000	66 857 000	70 537 000
Fixtures	0	0	91 000	220 000
Total Tangible Assets	56 580 000	55 850 000	66 948 000	70 757 000
Total Fiancial Fixed Assets	166 023 000	761 000	771 000	81 316 000
Total Fixed Assets	228 457 000	59 876 000	72 975 000	179 156 000
Stock	137 030 000	165 576 000	110 115 000	183 382 000
Total Investments	0	0	0	0
Cash, Bank	453 000	259 119 000	3 018 000	1 742 000
Total Current Assets	854 604 000	1 062 085 000	1 085 906 000	666 181 000
Total Assets	1 083 061 000	1 121 961 000	1 158 881 000	845 337 000
Total Equity	660 739 000	669 869 000	662 754 000	27 811 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	23 929 000	18 967 000	23 126 000	562 963 000
Creditors	279 892 000	275 297 000	124 491 000	215 903 000
Unpaid Taxes	8 889 000	2 855 000	4 859 000	677 000
Dividends	0	0	200 000 000	0
Other Current Debt	1 708 000	94 973 000	1 180 000	1 570 000
Total Current Debt	398 392 000	433 125 000	473 002 000	254 563 000
Total Equity and Debt	1 083 061 000	1 121 961 000	1 158 881 000	845 337 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−1,38 %	12 %	44,5 %	−54,53 %
Debt-to-Equity Ratio	0,04	0,03	0,03	20,24
Operating Profit Margin	0,7 %	6,74 %	6,69 %	2,3 %
Current Ratio	2,15	2,45	2,3	2,62
Quick Ratio	3,27	3,97	2,99	9,36
Equity Ratio	0,61	0,6	0,57	0,03
Gross Profit Margin	16,24 %	18,06 %	21,75 %	11,82 %