HOTEL NOREG AS

6002 ÅLESUND

Finances

Share Ownership

Return on Equity

33,4 %

Current Ratio

1,15

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	21 546 000	12 256 000	13 543 000	22 032 000
Net Income	503 000	−1 205 000	−1 126 000	214 000
Total Assets	5 025 000	4 800 000	5 309 000	5 730 000
Total Equity	1 506 000	1 002 000	113 000	239 000

Income (NOK)	2022	2021	2020	2019
Revenue	21 546 000	12 256 000	13 543 000	22 032 000
Expenditure	20 917 000	13 759 000	14 902 000	21 774 000
Operating Profit	629 000	−1 503 000	−1 357 000	259 000
Financial Income	36 000	4 000	6 000	28 000
Financial Costs	19 000	46 000	92 000	14 000
Financial Balance	17 000	−42 000	−86 000	14 000
Earnings Before Tax	645 000	−1 545 000	−1 443 000	273 000
Tax	142 000	−340 000	−317 000	59 000
Net Income	503 000	−1 205 000	−1 126 000	214 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	995 000	921 000	834 000	1 533 000
Total Current Assets	4 030 000	3 879 000	4 475 000	4 197 000
Total Assets	5 025 000	4 800 000	5 309 000	5 730 000
Total Retained Equity	503 000	0	−912 000	214 000
Total Equity	1 506 000	1 002 000	113 000	239 000
Total Long-Term Debt	0	0	0	23 000
Total Current Debt	3 519 000	3 798 000	5 196 000	5 468 000
Total Equity and Debt	5 025 000	4 800 000	5 309 000	5 730 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	21 269 000	10 951 000	10 943 000	21 761 000
Other Income	277 000	1 305 000	2 601 000	272 000
Revenue	21 546 000	12 256 000	13 543 000	22 032 000
Cost of Goods Sold	1 336 000	660 000	821 000	1 416 000
Salary Costs	9 347 000	4 333 000	4 933 000	7 957 000
Depreciation	413 000	379 000	124 000	173 000
Impairment	0	0	0	0
Expenditure	20 917 000	13 759 000	14 902 000	21 774 000
Operating Profit	629 000	−1 503 000	−1 357 000	259 000
Financial Income	36 000	4 000	6 000	28 000
Financial Costs	19 000	46 000	92 000	14 000
Financial Balance	17 000	−42 000	−86 000	14 000
Dividends	0	0	0	0
Net Income	503 000	−1 205 000	−1 126 000	214 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	34 000	8 000	259 000	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	961 000	913 000	575 000	1 533 000
Total Tangible Assets	961 000	913 000	575 000	1 533 000
Total Fiancial Fixed Assets	0	0	0	0
Total Fixed Assets	995 000	921 000	834 000	1 533 000
Stock	89 000	29 000	24 000	31 000
Total Investments	0	0	0	0
Cash, Bank	1 441 000	280 000	687 000	133 000
Total Current Assets	4 030 000	3 879 000	4 475 000	4 197 000
Total Assets	5 025 000	4 800 000	5 309 000	5 730 000
Total Equity	1 506 000	1 002 000	113 000	239 000
Short-Term Group Debt	0	484 000	2 738 000	0
Total Long-Term Debt	0	0	0	23 000
Creditors	1 130 000	2 306 000	1 667 000	4 166 000
Unpaid Taxes	565 000	425 000	226 000	370 000
Dividends	0	0	0	0
Other Current Debt	1 656 000	583 000	565 000	895 000
Total Current Debt	3 519 000	3 798 000	5 196 000	5 468 000
Total Equity and Debt	5 025 000	4 800 000	5 309 000	5 730 000

Financial indicators	2022	2021	2020	2019
Return on Equity	33,4 %	−120,26 %	−996,46 %	89,54 %
Debt-to-Equity Ratio	0	0	0	0,1
Operating Profit Margin	2,92 %	−12,26 %	−10,02 %	1,18 %
Current Ratio	1,15	1,02	0,86	0,77
Quick Ratio	1,17	1,03	0,87	0,77
Equity Ratio	0,3	0,21	0,02	0,04
Gross Profit Margin	93,8 %	94,61 %	93,94 %	93,57 %