DUCKBAY INVEST AS • 951651400 • Oslo

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DUCKBAY INVEST AS

Organization

Chairman of the board: MA
Morten Andvig1951
Years since formation: 30 years; since Feb 19, 1995
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 200; 2 share classes
Total number of shareholders: 4; persons

Financials

Annual total result 2024: 473,626; NOK
Total equity 2024: 6,178,862; NOK

Last update: Sep 9, 2025

Management

Board

Name	Role	Shares
MA Morten Andvig 1951	Contact Person, Chairman	10 % directly
KA Kristin Andvig 1952	Alternate Member	-

Others

Name	Role	Shares
S SÆTRANG REGNSKAP AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
NA Nicolai Andvig 1981	-	30 % directly
MA Monica Andvig Knudsen 1980	-	30 % directly
JA Jørgen Andvig Fredheim Christian 1987	-	30 % directly
MA Morten Andvig 1951	Contact Person, Chairman	10 % directly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
JA Jørgen Andvig Fredheim Christian 1987	Class B shares	60	30 %
MA Monica Andvig Knudsen 1980	Class B shares	60	30 %
NA Nicolai Andvig 1981	Class B shares	60	30 %
MA Morten Andvig 1951	A-shares	20	10 %

Shares owned by the DUCKBAY INVEST AS

Name	Share class	Total number of shares	Share
A ABU DHABI REAL DEVELOPMENT HOLDING AS	NO0010448731	21,190,166	3.4 %
A ATLANTIC BRIDGE AS	Ordinary shares	50	0.5 %
E EMERGING EUROPE LAND DEVELOPMENT AS	Ordinary shares	24,701,730	0.44 %
C CROATIAN DEVELOPMENT PROPERTY II AS	NO0010388846	31,047	0.39 %
P PARETO EIENDOMSINVEST NORDIC AS	NO0010420268	13,515	0.28 %
B BLACK SEA PROPERTY AS	NO0010755101	588,920	0.22 %
S SEACOR GRANT AS	Ordinary shares	500	0.16 %
F FINTECH INNOVATION AS	Ordinary shares	525	0.13 %
B BCP AS	NO0010341019	1,379	0.1 %
A AWILCO LNG ASA	NO0010607971	38,000	0.03 %
N NORSKE SKOGINDUSTRIER ASA	NO0004135633	5,150	< 0.01 %
A ARRIBATEC GROUP ASA	NO0012861667	1,010	< 0.01 %
N NORWEGIAN AIR SHUTTLE ASA	NO0010196140	2	< 0.01 %

Last update: Jun 2, 2025

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	0	0	0	0
Annual Total Result	473,626	2,119,723	-647,068	2,574,587
Total assets	7,000,862	7,847,982	5,734,959	9,177,556
Total liabilities	822,000	2,142,746	2,149,446	4,944,976
Total equity	6,178,862	5,705,236	3,585,513	4,232,580

P&L

Year	2024	2023	2022	2021
Total operating income	0	0	0	0
Total operating costs	62,777	45,853	46,284	78,776
Operating result	-62,777	-45,853	-46,284	-78,776
Financial income/costs	538,622	2,171,911	-596,313	2,642,736
Profit before tax	475,845	2,126,058	-642,598	2,563,959
Total tax & extraordinary income/cost	2,219	6,335	4,470	-10,628
Annual Total Result	473,626	2,119,723	-647,068	2,574,587

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	206,263	289,403	418,427	598,233
Total current assets	6,794,599	7,558,579	5,316,532	8,579,324
Total assets	7,000,862	7,847,982	5,734,959	9,177,556
Short term debt	822,000	2,142,746	2,149,446	4,944,976
Long term debt	0	0	0	0
Total liabilities	822,000	2,142,746	2,149,446	4,944,976
Contributed capital	3,174,500	3,174,500	3,174,500	3,174,500
Retained earnings	3,004,362	2,530,736	411,013	1,058,080
Total equity	6,178,862	5,705,236	3,585,513	4,232,580
Total equity and liabilities	7,000,862	7,847,982	5,734,959	9,177,556

Classification

Type of organization

Limited company