VOLVO CAR NORWAY AS
Keywords
snowmobilesatvs
Organization
- CEO
- HW
Hermod Wallestad1966
- Chairman of the board
- MR
- Years since formation
- 30 years
- since Mar 12, 1995
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 50
Ownership
- Number of shares and share classes
- 30,000
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2024
- 6,011,624,453
- NOK
- Annual total result 2024
- 16,341,788
- NOK
- Total equity 2024
- 97,834,865
- NOK
Last update: Aug 12, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
HW 1966 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
MR | Chairman | - |
KM | Board Member | - |
RK | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - | |
| Accountant | - |
Last update: Dec 31, 2024
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 30,000 | 100 % |
Shares owned by the VOLVO CAR NORWAY AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 30 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income -: NOKOperating profit -: NOKEmployees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 6,011,624,453 | 5,777,311,316 | 7,019,782,000 | 6,979,360,225 |
Annual Total Result | 16,341,788 | 21,139,404 | 21,426,000 | 16,024,329 |
Total assets | 2,104,620,541 | 766,171,254 | 2,108,552,000 | 1,506,194,898 |
Total liabilities | 2,006,785,677 | 700,159,626 | 2,062,718,000 | 1,475,242,061 |
Total equity | 97,834,865 | 66,011,628 | 45,834,000 | 30,952,836 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 6,011,624,453 | 5,777,311,316 | 7,019,782,000 | 6,979,360,225 |
Total operating costs | 5,941,296,586 | 5,759,597,282 | 7,005,728,000 | 6,965,511,620 |
Operating result | 70,327,867 | 17,714,034 | 14,054,000 | 13,848,605 |
Financial income/costs | -37,886,608 | 10,866,639 | 14,384,000 | 6,696,176 |
Profit before tax | 32,441,259 | 28,580,673 | 28,438,000 | 20,544,781 |
Total tax & extraordinary income/cost | 16,099,471 | 7,441,269 | 7,012,000 | 4,520,452 |
Annual Total Result | 16,341,788 | 21,139,404 | 21,426,000 | 16,024,329 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 1,273,616,922 | 97,432,897 | 73,973,000 | 48,667,339 |
Total current assets | 831,003,619 | 668,738,356 | 2,034,579,000 | 1,457,527,559 |
Total assets | 2,104,620,541 | 766,171,254 | 2,108,552,000 | 1,506,194,898 |
Short term debt | 1,104,385,154 | 691,952,377 | 2,051,261,000 | 1,446,106,725 |
Long term debt | 902,400,523 | 8,207,249 | 11,457,000 | 29,135,336 |
Total liabilities | 2,006,785,677 | 700,159,626 | 2,062,718,000 | 1,475,242,061 |
Contributed capital | 30,000,000 | 30,000,000 | 30,000,000 | 30,000,000 |
Retained earnings | 67,834,865 | 36,011,628 | 15,834,000 | 952,836 |
Total equity | 97,834,865 | 66,011,628 | 45,834,000 | 30,952,836 |
Total equity and liabilities | 2,104,620,541 | 766,171,254 | 2,108,552,000 | 1,506,194,897 |
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
G
Main industrial area
Wholesale and retail trade; repair of motor vehicles and motorcycles
45
Activity
Wholesale and retail trade and repair of motor vehicles and motorcycles
45.1
Main industrial group
Sale of motor vehicles
45.11
Industrial group
Sale of cars and light motor vehicles
45.111
Industrial group
Commission and wholesale trade of cars and light motor vehicles, except motorcycles