HOFSØY MEKANISKE AS

9180 SKJERVØY

Finances

Share Ownership

Return on Equity

21,98 %

Current Ratio

2,96

Debt-to-Equity Ratio

0,49

Key figures (NOK)	2022	2021	2020	2019
Revenue	9 958 000	8 937 000	7 535 000	6 876 000
Net Income	676 000	766 000	399 000	63 000
Total Assets	6 221 000	5 390 000	4 195 000	3 151 000
Total Equity	3 076 000	2 400 000	1 634 000	1 235 000

Income (NOK)	2022	2021	2020	2019
Revenue	9 958 000	8 937 000	7 535 000	6 876 000
Expenditure	9 044 000	7 942 000	7 026 000	6 785 000
Operating Profit	914 000	995 000	509 000	92 000
Financial Income	13 000	4 000	13 000	6 000
Financial Costs	55 000	17 000	9 000	15 000
Financial Balance	−42 000	−13 000	4 000	−9 000
Earnings Before Tax	872 000	982 000	514 000	82 000
Tax	196 000	216 000	115 000	19 000
Net Income	676 000	766 000	399 000	63 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	1 368 000	585 000	622 000	507 000
Total Current Assets	4 853 000	4 804 000	3 573 000	2 644 000
Total Assets	6 221 000	5 390 000	4 195 000	3 151 000
Total Retained Equity	2 961 000	2 285 000	1 519 000	1 120 000
Total Equity	3 076 000	2 400 000	1 634 000	1 235 000
Total Long-Term Debt	1 504 000	1 320 000	874 000	889 000
Total Current Debt	1 640 000	1 670 000	1 687 000	1 026 000
Total Equity and Debt	6 221 000	5 390 000	4 195 000	3 151 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	9 491 000	8 937 000	7 521 000	6 874 000
Other Income	468 000	0	14 000	2 000
Revenue	9 958 000	8 937 000	7 535 000	6 876 000
Cost of Goods Sold	2 959 000	1 570 000	1 961 000	1 971 000
Salary Costs	2 504 000	3 475 000	2 505 000	2 246 000
Depreciation	192 000	154 000	115 000	125 000
Impairment	0	0	0	28 000
Expenditure	9 044 000	7 942 000	7 026 000	6 785 000
Operating Profit	914 000	995 000	509 000	92 000
Financial Income	13 000	4 000	13 000	6 000
Financial Costs	55 000	17 000	9 000	15 000
Financial Balance	−42 000	−13 000	4 000	−9 000
Dividends	0	0	0	0
Net Income	676 000	766 000	399 000	63 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	41 000	33 000	39 000
Real Eastate	71 000	76 000	68 000	73 000
Machinery and Plant Facilities	717 000	89 000	106 000	145 000
Fixtures	168 000	371 000	398 000	222 000
Total Tangible Assets	956 000	537 000	572 000	440 000
Total Fiancial Fixed Assets	412 000	8 000	18 000	28 000
Total Fixed Assets	1 368 000	585 000	622 000	507 000
Stock	2 102 000	2 073 000	1 060 000	743 000
Total Investments	0	0	0	0
Cash, Bank	1 047 000	370 000	661 000	741 000
Total Current Assets	4 853 000	4 804 000	3 573 000	2 644 000
Total Assets	6 221 000	5 390 000	4 195 000	3 151 000
Total Equity	3 076 000	2 400 000	1 634 000	1 235 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	1 504 000	1 320 000	874 000	889 000
Creditors	980 000	500 000	892 000	433 000
Unpaid Taxes	152 000	317 000	276 000	202 000
Dividends	0	0	0	0
Other Current Debt	368 000	628 000	409 000	317 000
Total Current Debt	1 640 000	1 670 000	1 687 000	1 026 000
Total Equity and Debt	6 221 000	5 390 000	4 195 000	3 151 000

Financial indicators	2022	2021	2020	2019
Return on Equity	21,98 %	31,92 %	24,42 %	5,1 %
Debt-to-Equity Ratio	0,49	0,55	0,53	0,72
Operating Profit Margin	9,18 %	11,13 %	6,76 %	1,34 %
Current Ratio	2,96	2,88	2,12	2,58
Quick Ratio	−10,5	−11,92	5,7	9,34
Equity Ratio	0,49	0,45	0,39	0,39
Gross Profit Margin	70,29 %	82,43 %	73,97 %	71,34 %