HOFSETH LOGISTICS AS

6003 ÅLESUND

Finances

Share Ownership

Return on Equity

2,75 %

Current Ratio

2,33

Debt-to-Equity Ratio

0,58

Key figures (NOK)	2022	2021	2020	2019
Revenue	20 651 000	20 851 000	25 066 000	24 501 000
Net Income	167 000	614 000	18 647 000	660 000
Total Assets	12 559 000	11 942 000	33 647 000	17 691 000
Total Equity	6 072 000	6 000 000	6 007 000	2 318 000

Income (NOK)	2022	2021	2020	2019
Revenue	20 651 000	20 851 000	25 066 000	24 501 000
Expenditure	20 477 000	20 085 000	23 635 000	23 324 000
Operating Profit	175 000	766 000	1 432 000	1 177 000
Financial Income	182 000	224 000	17 674 000	30 000
Financial Costs	151 000	203 000	165 000	350 000
Financial Balance	31 000	21 000	17 509 000	−320 000
Earnings Before Tax	206 000	787 000	18 941 000	857 000
Tax	39 000	173 000	295 000	198 000
Net Income	167 000	614 000	18 647 000	660 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	5 603 000	5 754 000	6 486 000	11 680 000
Total Current Assets	6 957 000	6 187 000	27 161 000	6 011 000
Total Assets	12 559 000	11 942 000	33 647 000	17 691 000
Total Retained Equity	72 000	0	7 000	2 288 000
Total Equity	6 072 000	6 000 000	6 007 000	2 318 000
Total Long-Term Debt	3 502 000	3 425 000	4 309 000	5 182 000
Total Current Debt	2 986 000	2 517 000	23 330 000	10 191 000
Total Equity and Debt	12 559 000	11 942 000	33 647 000	17 691 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	20 651 000	20 253 000	25 066 000	24 501 000
Other Income	0	599 000	0	0
Revenue	20 651 000	20 851 000	25 066 000	24 501 000
Cost of Goods Sold	6 623 000	6 936 000	7 926 000	7 586 000
Salary Costs	6 050 000	6 471 000	9 061 000	8 297 000
Depreciation	1 816 000	1 765 000	1 533 000	1 632 000
Impairment	0	0	0	0
Expenditure	20 477 000	20 085 000	23 635 000	23 324 000
Operating Profit	175 000	766 000	1 432 000	1 177 000
Financial Income	182 000	224 000	17 674 000	30 000
Financial Costs	151 000	203 000	165 000	350 000
Financial Balance	31 000	21 000	17 509 000	−320 000
Dividends	0	0	19 900 000	0
Net Income	167 000	614 000	18 647 000	660 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	0	0	0	0
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	6 151 000	6 691 000
Fixtures	5 269 000	5 415 000	0	0
Total Tangible Assets	5 269 000	5 415 000	6 151 000	6 691 000
Total Fiancial Fixed Assets	334 000	339 000	335 000	4 989 000
Total Fixed Assets	5 603 000	5 754 000	6 486 000	11 680 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	3 254 000	3 339 000	2 869 000	965 000
Total Current Assets	6 957 000	6 187 000	27 161 000	6 011 000
Total Assets	12 559 000	11 942 000	33 647 000	17 691 000
Total Equity	6 072 000	6 000 000	6 007 000	2 318 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	3 502 000	3 425 000	4 309 000	5 182 000
Creditors	1 591 000	431 000	1 945 000	525 000
Unpaid Taxes	584 000	604 000	533 000	461 000
Dividends	0	0	19 900 000	0
Other Current Debt	810 000	1 482 000	953 000	9 205 000
Total Current Debt	2 986 000	2 517 000	23 330 000	10 191 000
Total Equity and Debt	12 559 000	11 942 000	33 647 000	17 691 000

Financial indicators	2022	2021	2020	2019
Return on Equity	2,75 %	10,23 %	310,42 %	28,47 %
Debt-to-Equity Ratio	0,58	0,57	0,72	2,24
Operating Profit Margin	0,85 %	3,67 %	5,71 %	4,8 %
Current Ratio	2,33	2,46	1,16	0,59
Quick Ratio	2,33	2,46	1,16	0,59
Equity Ratio	0,48	0,5	0,18	0,13
Gross Profit Margin	67,93 %	66,74 %	68,38 %	69,04 %