First Hotels AS | Detailed information

First Hotels AS - Detailed information

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First Hotels AS

Business ID:	938 174 865
Company:	First Hotels AS
Address:	Dronningensgate 13
	NO-0152 Oslo
County:	Oslo
Telephone:	+47 23116070
Fax:	+47 23116099
E-mail:	bjorn.kjolstad@firsthotels.no
Website:	www.firsthotels.no

Managing Director/CEO:

Michael Telling

Established:

Subsidiary company to:

Flying Elephant AS

Stock-exchange listing:

Not listed

Rank in the Nordic countries (incl. subsidiaries) by

Net turnover

rank: 24520

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Net profit	rank: 2379
Number of employees	rank: 36247
Total assets	rank: 5573

Industry sector:

B70

Real estate activities

Activity code:

70120

Buying and selling of own real estate

Rank in industry in the Nordic countries by :

Net turnover

rank: 1418

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Industry sector:	B70	Real estate activities
Rank in industry in the Nordic countries by:
Number of employees		rank: 1011
Total assets		rank: 876
Profitability		rank: 89
Solvency		rank: 23
Return on assets (ROA)		rank: 517
Net profit		rank: 232
Return on equity (ROE)		rank: 1896

Closing information (x1000 EUR)
Fiscal year	200712	200612	200512
Net turnover	8.244	6.038	3.045
- exports
Foreign sales
Financial expenses	160	139	9.521
Earnings before taxes	12.059	3.923	-8.507
Total assets	53.251	33.317	30.969
Current assets	30.488	12.194	12.766
Current liabilities	879	1.323	2.480
Equity capital	52.372	29.778	26.953
- share capital	23	20	20
Employees (average)	23	12	10
Shareholders	3	3
Investments in fixed assets	1.431	659

Financial ratios
Solvency	98.3%	89.4%	87.0%
Turnover per employee	358	503	305
Earnings as % of turnover	146.3%	65.0%	-279.4%
Return on assets (ROA)	22.9%	12.2%	3.3%
Current ratio	3.468.5%	921.7%	514.8%
Return on equity (ROE)	23.0%	13.2%	-31.6%

Closing figures are converted from local currency to euros according to the exchange rate on closing date. Source for the exchange rates: Sveriges Riksbank

The closing information is gathered directly from the companies or from UC (Sweden), CreditInform (Norway), KOB (Denmark) and Asiakastieto (Finland).

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