Organization
- CEO
- AF
Arild Finstad1961
- Chairman of the board
- MR
- Years since formation
- 12 years
- since Oct 11, 2012
- Type
- Limited company
- VAT registered
- No
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 10,000
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2023
- 246,749,100
- NOK
- Annual total result 2023
- 29,758,274
- NOK
- Total equity 2023
- 12,830,821
- NOK
Last update: Aug 29, 2024
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
AF 1961 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
MR | Chairman | 8.5 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
SM | - | 41.5 % indirectly |
SM | - | 41.5 % indirectly |
MR | Chairman | 8.5 % indirectly |
RB | - | 8.5 % indirectly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Number of shares | Share |
|---|---|---|---|
| Ordinary shares | 10,000 | 100 % |
Last update: May 24, 2024
Group structure
- Total operating income 2023: NOK 29,802,015Operating profit 2023: NOK -48,333,883Employees: 20
Financials
in NOK
Summary
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 246,749,100 | 436,795,636 | 135,300,897 |
Annual Total Result | 29,758,274 | 53,423,508 | 8,171,539 |
Total assets | 174,768,845 | 498,216,909 | 366,811,204 |
Total liabilities | 161,938,025 | 409,351,833 | 331,818,903 |
Total equity | 12,830,821 | 88,865,076 | 34,992,301 |
P&L
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 246,749,100 | 436,795,636 | 135,300,897 |
Total operating costs | 208,194,964 | 365,643,986 | 121,868,743 |
Operating result | 38,554,137 | 71,151,650 | 13,432,154 |
Financial income/costs | -402,503 | -2,659,973 | -2,955,822 |
Profit before tax | 38,151,634 | 68,491,678 | 10,476,332 |
Total tax & extraordinary income/cost | 8,393,360 | 15,068,170 | 2,304,793 |
Annual Total Result | 29,758,274 | 53,423,508 | 8,171,539 |
Balance overview
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 11,445,531 | 0 | 18,406,181 |
Total current assets | 163,323,314 | 498,216,909 | 348,405,023 |
Total assets | 174,768,845 | 498,216,909 | 366,811,204 |
Short term debt | 158,352,353 | 366,116,596 | 260,599,177 |
Long term debt | 3,585,672 | 43,235,237 | 71,219,726 |
Total liabilities | 161,938,025 | 409,351,833 | 331,818,903 |
Contributed capital | 28,419,305 | 28,419,305 | 27,970,038 |
Retained earnings | -15,588,484 | 60,445,771 | 7,022,263 |
Total equity | 12,830,821 | 88,865,076 | 34,992,301 |
Total equity and liabilities | 174,768,845 | 498,216,909 | 366,811,204 |
Classification
Category
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises
Standard industrial classification
F
Main industrial area
Construction
41
Activity
Construction of buildings
41.1
Main industrial group
Development of building projects
41.10
Industrial group
Development of building projects
41.109
Industrial group
Other development and sale of real estate