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To analyze the costs of Norsminde Inn, we have chosen to use the category 9, in the Horesta Norm-number
analysis for 2008. We have chosen this because this category relates to Historic Inn´s and hotels which have
an average turnover of 15.380.7641 kr. In the category 9, we have used the number from the historical Inn´s
and hotel from before 1915 and whit 3 stars, because they have been in business from before 1915 and has
a similar product which can be compared with these numbers.

In the following chapters of the report we will analyze the costs from Norsminde Inn, and we will commend
on the main areas where they differentiate significantly from the Horesta Norm numbers, for the chosen
category.

In the first part of the cost analysis we have analyzed the cost from the part of the business that relates to
the Hotel.

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01.1 Rooms turnover 2.056.831,00 47,06% 83,30%
01.2 Conference room rental 9.923,20 0,23% 10,70%
01.3 Rental of equipment 0,00 0,00% 0,10%
01.4 Spa and other activities 520.188,40 11,90% 0,9

1
The Horesta Normtals analysis, page 95.
 01.5 Other income, hotel 1.826.751,06 41,79% 4,9
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  ? 0,98% 1,00%
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 71.534,36 1,64% 1,00%
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? ? 98,36% 99,00%
04 Direct hotel costs 2.356.673,28 53,92% 35,10%
04.1 Salaries and wages 1.566.264,15 35,83% 14,80%
04.2 Outsourced housekeeping/cleaning 121.022,15 2,77% 1,80%
04.3 Internal housekeeping/cleaning 0,00 0,00% 10,70%
04.4 Laundry 392.283,55 8,98% 3,20%
04.5 Cost relating to spa and other activities 82.996,80 1,90% 0,8
04.6 Other direct costs, hotel 194.106,63 4,44% 3,80%
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For the second part of the Cost analysis we have analyzed the costs related to the business that relates to
the restaurant.

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6 Food and beverage turnover 11.915.613,68 100 100
6.1 beverage turnover 4.326.643,12 36,31 33,8
6.2 food turnover 5.624.801,26 47,21 66,1
6.3 entrance fee 0,00 0,00 0
6.4 other income restaurant 1.964.969,30
7 cost of sales, food and beverages 3.459.168,15 29,03 29,9
8 Gross food and beverage profit 8.456.445,53 70,97 70,6
9 Direct food and beverage costs 4.759.902,84 39,95 52,1
9.1 salary, wages excl. Cleaning and dishwashing 4.533.559,73 38,05 42,6
9.2 outsourced cleaning and dish wash 332.655,77 2,79 0,5
9.4 linen 34.791,02 0,29 1,7
9.5 packing and transport costs regarding take away 983,22 0,01 0
9.6 other direct costs, food and beverages 41.951,91 0,35 2,6
10 Food and beverage contribution 3.654.590,78 30,67 18,5
11 total turnover 16.286.403,25 100 100
11.1 turnover hotel 4.369.189,57 26,83 45,8
11.2 turnover Restaurant 11.917.213,68 73,17 54,2

The third part of the cost analysis, based on the numbers we got from Norsminde Inn, is the analysis of the
overall business, the hotel and restaurant in total.

Norsminde Inn Percentages Horesta %

13 Total Shared Costs -2.091.223,50 12,80% 20,10%
13.1Salaries and Wages in Admin. -977.466,20 6,00% 6,00%
13.2Other Personnel Costs 40.782,91 (+) 0,25% 1,40%
13.3Facilities Costs (Energy) -483.678,30 3,00% 4,00%
13.4Internal Repairs & Maintenance -439.933,54 2,70% 2,20%
13.5Marketing and Entertainment Expenses -223.214,17 1,40% 2,30%
13.6Administrative Costs -612.559,05 3,80% 4,30%
13.7Management Fees 0 0 0%
13.8Other Shared Costs 0 0 0%
þ   

  
 ? 0 19,20%
15 Rent -1.521.273,20 9,30% 9,80%
16 Costs of Property -233.119,68 1,40% 0,60%
17 Financing and Leasing 21.953,11 (+) 0,1% 1,10%
18.1 Depreciation, Furniture, Equipment and Cars -528.557,00 3,30% 2,10%
18.2 Depreciation Buildings 0 0 0,30%
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 1.008.785,00 6,20% 5,20%
 
 
     29.000,00 0,20% 0,50%
 
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  1.035.785,00 6,40% 5,70%
   

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To further analyze the costs for Norsminde Inn we have calculated the break even points as well.











-? Why is these numbers different?

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