NORAC AS
Organization
- CEO
- MG
- Chairman of the board
- AB
Arne Borg1950
- Years since formation
- 28 years
- since Nov 10, 1997
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 15
Ownership
- Number of shares and share classes
- 8,259,100
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 188,990,000
- NOK
- Annual total result 2024
- 9,989,000
- NOK
- Total equity 2024
- 10,823,000
- NOK
Last update: Sep 16, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
MG | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
AB 1950 | Chairman | - |
JS | Board Member | 93.71 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
JS | Board Member | 93.71 % indirectly |
LG | - | 5.86 % indirectly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 8,259,100 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 875,000Operating profit 2024: NOK -14,740,000Employees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 188,990,000 | 193,122,000 | 136,849,000 | 144,683,000 |
Annual Total Result | 9,989,000 | 4,378,000 | -19,777,000 | -4,836,000 |
Total assets | 104,293,000 | 148,771,000 | 123,765,000 | 86,245,000 |
Total liabilities | 93,468,000 | 136,131,000 | 115,505,000 | 84,547,000 |
Total equity | 10,823,000 | 12,639,000 | 8,260,000 | 1,698,000 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 188,990,000 | 193,122,000 | 136,849,000 | 144,683,000 |
Total operating costs | 173,812,000 | 185,702,000 | 162,116,000 | 150,378,000 |
Operating result | 15,178,000 | 7,420,000 | -25,267,000 | -5,695,000 |
Financial income/costs | -1,963,000 | -1,131,000 | -78,000 | -503,000 |
Profit before tax | 13,215,000 | 6,289,000 | -25,345,000 | -6,198,000 |
Total tax & extraordinary income/cost | 3,226,000 | 1,911,000 | -5,568,000 | -1,362,000 |
Annual Total Result | 9,989,000 | 4,378,000 | -19,777,000 | -4,836,000 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 62,996,000 | 45,693,000 | 45,627,000 | 46,263,000 |
Total current assets | 41,297,000 | 103,078,000 | 78,138,000 | 39,982,000 |
Total assets | 104,293,000 | 148,771,000 | 123,765,000 | 86,245,000 |
Short term debt | 93,468,000 | 136,131,000 | 115,505,000 | 56,341,000 |
Long term debt | 0 | 0 | 0 | 28,206,000 |
Total liabilities | 93,468,000 | 136,131,000 | 115,505,000 | 84,547,000 |
Contributed capital | 8,260,000 | 8,260,000 | 8,260,000 | 17,265,000 |
Retained earnings | 2,563,000 | 4,379,000 | 0 | -15,567,000 |
Total equity | 10,823,000 | 12,639,000 | 8,260,000 | 1,698,000 |
Total equity and liabilities | 104,291,000 | 148,770,000 | 123,765,000 | 86,245,000 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises