The leading Irish-based entertainment company, owned by singer-songwriter Hozier, increased its cumulative profit last year to €4.24 million.
New accounts filed by Hozier’s Haskey Ltd show that the company enjoyed a strong year, with profits totaling 293,316 euros in 2021.
The profit represents 18.25% of the 2020 profit of €248,035.
Last year’s profit increased the cumulative profit from 3.95 million euros to 4.24 million euros.
A new account shows that Hozier last year spent most of its €2.6 million cash fund at the end of 2020 on financial investments.
In 2021, the company spent €1.9m on its financial assets, a move that had already begun to pay off last year with a paper profit of €75,979 recorded on €1.9m of assets in 2021.
At the end of 2020, the book value of financial investments was €1.97 million, which was ‘nil’ under that heading.
Live music business
The investment reduced the company’s cash flow to €564,219 from €2.6 million at the end of last year.
Last year, the directors’ remuneration was EUR 155,379, comprising a salary of EUR 105,258 and a pension contribution of EUR 50,000.This comprises a salary of €105,258 and his pension contribution of €100,000, compared to her total payout of €205,258 in 2020.
The company posted profits last year, even as the Covid-19 pandemic decimated much of Hozier’s profitable live music business.
Hozier’s latest studio album, Wasteland Baby!, was released in March 2019 and debuted at number one on both sides of the Atlantic.
In a message to fans on New Year’s Eve last year, Hozier told his nearly one million followers on Twitter that his new studio album, Unreal Unearth, will be released in 2022.
Last year and 2020 profits follow earnings of €21,289 in 2019, €79,592 in 2018, €654,865 in 2017, €1.12 million in 2016 and €1.38 million in 2015.
The book value of the company’s freehold assets stood at €1.4 million at the end of December last year, according to its financial results.
