HOFSETH PROPERTY AS

6003 ÅLESUND

Finances

Return on Equity

6,41 %

Current Ratio

0,18

Debt-to-Equity Ratio

0,89

Key figures (NOK)	2022	2021	2020	2019
Revenue	39 646 000	35 737 000	31 910 000	29 060 000
Net Income	8 573 000	7 187 000	5 711 000	8 255 000
Total Assets	275 383 000	261 533 000	257 027 000	215 791 000
Total Equity	133 684 000	135 910 000	171 708 000	165 997 000

Income (NOK)	2022	2021	2020	2019
Revenue	39 646 000	35 737 000	31 910 000	29 060 000
Expenditure	24 080 000	23 221 000	22 191 000	17 246 000
Operating Profit	15 566 000	12 517 000	9 719 000	11 813 000
Financial Income	50 000	41 000	40 000	61 000
Financial Costs	4 625 000	3 344 000	2 436 000	1 290 000
Financial Balance	−4 575 000	−3 303 000	−2 396 000	−1 229 000
Earnings Before Tax	10 992 000	9 214 000	7 323 000	10 584 000
Tax	2 418 000	2 027 000	1 612 000	2 329 000
Net Income	8 573 000	7 187 000	5 711 000	8 255 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	271 177 000	258 625 000	255 258 000	214 090 000
Total Current Assets	4 206 000	2 908 000	1 769 000	1 701 000
Total Assets	275 383 000	261 533 000	257 027 000	215 791 000
Total Retained Equity	0	0	16 178 000	10 467 000
Total Equity	133 684 000	135 910 000	171 708 000	165 997 000
Total Long-Term Debt	118 532 000	97 416 000	24 829 000	29 122 000
Total Current Debt	23 166 000	28 207 000	60 489 000	20 672 000
Total Equity and Debt	275 383 000	261 533 000	257 027 000	215 791 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	35 746 000	32 171 000	0	0
Other Income	3 900 000	3 566 000	31 910 000	29 060 000
Revenue	39 646 000	35 737 000	31 910 000	29 060 000
Cost of Goods Sold	3 873 000	3 166 000	4 582 000	2 268 000
Salary Costs	0	0	0	0
Depreciation	16 312 000	15 100 000	13 575 000	12 837 000
Impairment	0	0	0	0
Expenditure	24 080 000	23 221 000	22 191 000	17 246 000
Operating Profit	15 566 000	12 517 000	9 719 000	11 813 000
Financial Income	50 000	41 000	40 000	61 000
Financial Costs	4 625 000	3 344 000	2 436 000	1 290 000
Financial Balance	−4 575 000	−3 303 000	−2 396 000	−1 229 000
Dividends	0	0	0	8 000 000
Net Income	8 573 000	7 187 000	5 711 000	8 255 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	250 231 000	257 462 000	255 025 000	213 752 000
Machinery and Plant Facilities	0	0	56 000	70 000
Fixtures	295 000	512 000	176 000	267 000
Total Tangible Assets	250 526 000	257 974 000	255 257 000	214 089 000
Total Fiancial Fixed Assets	20 651 000	651 000	1 000	1 000
Total Fixed Assets	271 177 000	258 625 000	255 258 000	214 090 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	92 000	804 000	159 000	149 000
Total Current Assets	4 206 000	2 908 000	1 769 000	1 701 000
Total Assets	275 383 000	261 533 000	257 027 000	215 791 000
Total Equity	133 684 000	135 910 000	171 708 000	165 997 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	118 532 000	97 416 000	24 829 000	29 122 000
Creditors	2 701 000	4 449 000	5 409 000	7 546 000
Unpaid Taxes	1 059 000	0	0	0
Dividends	0	0	0	8 000 000
Other Current Debt	19 407 000	23 758 000	53 088 000	2 510 000
Total Current Debt	23 166 000	28 207 000	60 489 000	20 672 000
Total Equity and Debt	275 383 000	261 533 000	257 027 000	215 791 000

Financial indicators	2022	2021	2020	2019
Return on Equity	6,41 %	5,29 %	3,33 %	4,97 %
Debt-to-Equity Ratio	0,89	0,72	0,14	0,18
Operating Profit Margin	39,26 %	35,03 %	30,46 %	40,65 %
Current Ratio	0,18	0,1	0,03	0,08
Quick Ratio	0,18	0,1	0,03	0,08
Equity Ratio	0,49	0,52	0,67	0,77
Gross Profit Margin	90,23 %	91,14 %	85,64 %	92,2 %