ISLAND OFFSHORE INVEST AS • 991417702 • Ulsteinvik • Water transport

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/ 50.204 Supply and other sea transport offshore services

ISLAND OFFSHORE INVEST AS

Keywords

offshoresupplyservice servicessea transporttechnical personnelfloating installationsequipmentgoodsoffshore operations

Organization

Chairman of the board: MU
Morten Ulstein1953
Years since formation: 18 years; since Jul 7, 2007
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 15,000; 1 share class
Total number of shareholders: 9; companies

Financials

Annual total result 2023: -2,857,080; NOK
Total equity 2023: -24,107,933; NOK

Last update: Aug 29, 2024

Management

Board

Name	Role	Shares
GH Gustav Hasund 1985	Contact Person	-
MU Morten Ulstein 1953	Chairman	10 % indirectly

Others

Name	Role	Shares
B BDO AS	Auditor	-
H HASUND AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
MU Morten Ulstein 1953	Chairman	10 % indirectly
HU Håvard Ulstein 1959	-	10 % indirectly
SI Svein Idar Ulstein 1963	-	10 % indirectly
IM Ingunn Merete Ulstein Botnen 1955	-	10 % indirectly
HU Henning Ulstein 1956	-	10 % indirectly
SK Solveig Kristensen 1958	-	6.25 % indirectly
HI Hilde Irene Ulstein Klungsøyr 1952	-	5.21 % indirectly
DU Dag Ulstein Kristensen 1964	-	4.75 % indirectly
MI Magne Idar Ulstein 1954	-	3.33 % indirectly
IM Inger Marie Kristensen Langedal 1953	-	3.13 % indirectly

Last update: Oct 26, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
B BORGSTEIN INVEST AS	Ordinary shares	7,500	50 %
U ULMAR AS	Ordinary shares	1,250	8.33 %
V VIKHOLMEN AS	Ordinary shares	1,250	8.33 %
H HUK INVEST AS	Ordinary shares	1,250	8.33 %
I INGER M KRISTENSEN AS	Ordinary shares	938	6.25 %
E EMAR INVEST AS	Ordinary shares	938	6.25 %
S SOLNES AS	Ordinary shares	937	6.25 %
D DUK INVEST AS	Ordinary shares	750	5 %
D DAGNY 4 AS	Ordinary shares	187	1.25 %

Shares owned by the ISLAND OFFSHORE INVEST AS

Name	Share class	Total number of shares	Share
I ISLAND OFFSHORE V AS	Ordinary shares	28,575	12.19 %
I ISLAND OFFSHORE XI AS	Ordinary shares	19,308,460	7.23 %
I ISLAND OFFSHORE VIII AS	Ordinary shares	2,016,514	5.51 %
I ISLAND OFFSHORE XII AS	Ordinary shares	37,702	1.45 %

Last update: May 24, 2024

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	0	0	0
Annual Total Result	-2,857,080	-3,463,235	459,606
Total assets	65,552,299	65,476,439	64,842,387
Total liabilities	89,660,232	86,727,292	82,630,005
Total equity	-24,107,933	-21,250,853	-17,787,618

P&L

Year	2023	2022	2021
Total operating income	0	0	0
Total operating costs	77,574	73,801	58,355
Operating result	-77,574	-73,801	-58,355
Financial income/costs	-2,779,506	-3,389,434	517,960
Profit before tax	-2,857,080	-3,463,235	459,606
Total tax & extraordinary income/cost	0	0	0
Annual Total Result	-2,857,080	-3,463,235	459,606

Balance overview

Year	2023	2022	2021
Total fixed assets	65,432,204	65,432,204	64,782,085
Total current assets	120,095	44,235	60,302
Total assets	65,552,299	65,476,439	64,842,387
Short term debt	337,504	308,025	181,968
Long term debt	89,322,728	86,419,267	82,448,037
Total liabilities	89,660,232	86,727,292	82,630,005
Contributed capital	106,114,665	106,114,665	106,114,665
Retained earnings	-130,222,597	-127,365,518	-123,902,283
Total equity	-24,107,933	-21,250,853	-17,787,618
Total equity and liabilities	65,552,299	65,476,439	64,842,387

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

H

Main industrial area

Transportation and storage

50

Activity

Water transport

50.2

Main industrial group

Sea and coastal freight water transport

50.20

Industrial group

Sea and coastal freight water transport

50.204

Industrial group

Supply and other sea transport offshore services