HOFSETH INTERNATIONAL AS

6003 ÅLESUND

Finances

Return on Equity

−14,64 %

Current Ratio

1,24

Debt-to-Equity Ratio

0,96

Key figures (NOK)	2022	2021	2020	2019
Revenue	6 181 314 000	4 678 523 000	4 334 646 000	4 169 275 000
Net Income	−283 614 000	35 654 000	370 461 000	170 540 000
Total Assets	6 693 072 000	5 861 835 000	5 177 930 000	4 390 863 000
Total Equity	1 937 806 000	2 303 649 000	2 403 911 000	1 432 007 000

Income (NOK)	2022	2021	2020	2019
Revenue	6 181 314 000	4 678 523 000	4 334 646 000	4 169 275 000
Expenditure	6 078 559 000	4 465 127 000	4 150 735 000	3 892 763 000
Operating Profit	102 755 000	213 395 000	183 911 000	276 512 000
Financial Income	127 764 000	162 036 000	565 021 000	293 016 000
Financial Costs	516 077 000	305 725 000	386 650 000	384 394 000
Financial Balance	−388 313 000	−143 689 000	178 371 000	−91 378 000
Earnings Before Tax	−285 559 000	69 707 000	362 282 000	185 135 000
Tax	−1 945 000	34 053 000	−8 179 000	14 594 000
Net Income	−283 614 000	35 654 000	370 461 000	170 540 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	3 114 298 000	2 437 672 000	1 704 653 000	1 767 781 000
Total Current Assets	3 578 774 000	3 424 163 000	3 473 278 000	2 623 083 000
Total Assets	6 693 072 000	5 861 835 000	5 177 930 000	4 390 863 000
Total Retained Equity	70 558 000	298 302 000	241 795 000	1 234 947 000
Total Equity	1 937 806 000	2 303 649 000	2 403 911 000	1 432 007 000
Total Long-Term Debt	1 869 377 000	1 186 489 000	1 010 891 000	1 596 135 000
Total Current Debt	2 885 889 000	2 371 698 000	1 763 128 000	1 362 722 000
Total Equity and Debt	6 693 072 000	5 861 835 000	5 177 930 000	4 390 863 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	6 151 126 000	4 672 948 000	4 320 414 000	4 095 098 000
Other Income	30 188 000	5 575 000	14 232 000	74 177 000
Revenue	6 181 314 000	4 678 523 000	4 334 646 000	4 169 275 000
Cost of Goods Sold	4 967 561 000	3 523 349 000	3 322 395 000	3 068 022 000
Salary Costs	426 666 000	405 790 000	382 034 000	319 148 000
Depreciation	128 886 000	113 562 000	91 335 000	82 183 000
Impairment	0	0	0	0
Expenditure	6 078 559 000	4 465 127 000	4 150 735 000	3 892 763 000
Operating Profit	102 755 000	213 395 000	183 911 000	276 512 000
Financial Income	127 764 000	162 036 000	565 021 000	293 016 000
Financial Costs	516 077 000	305 725 000	386 650 000	384 394 000
Financial Balance	−388 313 000	−143 689 000	178 371 000	−91 378 000
Dividends	0	0	0	0
Net Income	−283 614 000	35 654 000	370 461 000	170 540 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	10 838 000	2 209 000	2 651 000	3 093 000
Total Intangible Assets	913 256 000	905 394 000	915 042 000	907 216 000
Real Eastate	959 440 000	658 419 000	198 156 000	206 180 000
Machinery and Plant Facilities	772 277 000	629 340 000	450 817 000	449 267 000
Fixtures	21 021 000	17 829 000	11 276 000	10 967 000
Total Tangible Assets	1 782 119 000	1 338 744 000	665 832 000	674 970 000
Total Fiancial Fixed Assets	418 923 000	193 534 000	123 778 000	185 594 000
Total Fixed Assets	3 114 298 000	2 437 672 000	1 704 653 000	1 767 781 000
Stock	1 418 039 000	1 377 454 000	1 190 151 000	1 235 299 000
Total Investments	193 962 000	412 172 000	577 041 000	86 055 000
Cash, Bank	310 639 000	78 713 000	107 762 000	85 370 000
Total Current Assets	3 578 774 000	3 424 163 000	3 473 278 000	2 623 083 000
Total Assets	6 693 072 000	5 861 835 000	5 177 930 000	4 390 863 000
Total Equity	1 937 806 000	2 303 649 000	2 403 911 000	1 432 007 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 869 377 000	1 186 489 000	1 010 891 000	1 596 135 000
Creditors	1 800 713 000	1 356 420 000	637 797 000	639 840 000
Unpaid Taxes	29 431 000	15 354 000	28 779 000	9 841 000
Dividends	0	0	0	0
Other Current Debt	81 627 000	146 367 000	288 613 000	88 104 000
Total Current Debt	2 885 889 000	2 371 698 000	1 763 128 000	1 362 722 000
Total Equity and Debt	6 693 072 000	5 861 835 000	5 177 930 000	4 390 863 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−14,64 %	1,55 %	15,41 %	11,91 %
Debt-to-Equity Ratio	0,96	0,52	0,42	1,11
Operating Profit Margin	1,66 %	4,56 %	4,24 %	6,63 %
Current Ratio	1,24	1,44	1,97	1,92
Quick Ratio	2,44	3,44	6,06	20,59
Equity Ratio	0,29	0,39	0,46	0,33
Gross Profit Margin	19,64 %	24,69 %	23,35 %	26,41 %