ULSMO AS • 939320245 • Ulsteinvik • Manufacture of other transport equipment

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Industry and manufacturing

/ Ships and boats

ULSMO AS

Keywords

buildinglargeshipsboard

Organization

CEO: IU
Ingerid Ulstein1971
Chairman of the board: GU
Gunvor Ulstein1969
Years since formation: 29 years; since Feb 19, 1995
Type: Limited company
VAT registered: Yes
Number of employees: 5

Ownership

Number of shares and share classes: 24,260; 1 share class
Total number of shareholders: 10; companies
Belongs to group of

Financials

Total operating income 2023: 6,059,000; NOK
Annual total result 2023: 134,841,000; NOK
Total equity 2023: 1,207,857,000; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
IU Ingerid Ulstein 1971	Managing Director/CEO	8.01 % indirectly

Board

Name	Role	Shares
GU Gunvor Ulstein 1969	Chairman	12.61 % indirectly
IU Ingerid Ulstein 1971	Board Member	8.01 % indirectly
VU Vegard Ulstein 1965	Board Member	17.89 % indirectly
TU Tore Ulstein 1967	Board Member	5.96 % indirectly
IM Idar Marius Ulstein 1977	Board Member	17.91 % indirectly

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
IM Idar Marius Ulstein 1977	Board Member	17.91 % indirectly
VU Vegard Ulstein 1965	Board Member	17.89 % indirectly
GU Gunvor Ulstein 1969	Chairman	12.61 % indirectly
IU Ingerid Ulstein 1971	Managing Director/CEO, Board Member	8.01 % indirectly
OU Oda Ulstein 2001	-	7.02 % indirectly
EU Emma Ulstein 2004	-	7.02 % indirectly
TU Tore Ulstein 1967	Board Member	5.96 % indirectly
MM Marit Ulstein Mæhlum 2003	-	2 % indirectly
FM Fredrikke Ulstein Mæhlum 2005	-	2 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
J JUPITER INVEST II AS	Ordinary shares	3,144	12.96 %
V VEGARD ULSTEIN INVEST II AS	Ordinary shares	3,144	12.96 %
A AMORIN JUNIOR AS	Ordinary shares	2,987	12.31 %
T TOKA INVEST II AS	Ordinary shares	2,934	12.09 %
M MOGUL INVEST AS	Ordinary shares	2,934	12.09 %
T TOKA INVEST JUNIOR AS	Ordinary shares	1,918	7.91 %
M MOGUL KAPITAL AS	Ordinary shares	1,918	7.91 %
A AMORIN AS	Ordinary shares	1,865	7.69 %
V VEGARD ULSTEIN INVEST JUNIOR AS	Ordinary shares	1,708	7.04 %
J JUPITER INVEST JUNIOR AS	Ordinary shares	1,708	7.04 %

Shares owned by the ULSMO AS

Name	Share class	Number of shares	Share
U ULSMO STRATEGISKE INVESTERINGER AS	Ordinary shares	1,000	100 %
U ULSMO EIENDOM AS	Ordinary shares	21,390	100 %
U ULSMO FINANS AS	A-shares	30,240,000	51 %
U ULSTEIN GROUP ASA	NO0010003411	327,750,709	49.41 %
U ULSTEIN HOTELL AS	Ordinary shares	498,870	10.87 %
N NORSK FJORDSENTER AS	Ordinary shares	100	0.2 %
N NORDIC HALIBUT AS	NO0003058109	1,010	< 0.01 %

Last update: May 24, 2024

Group structure

ULSMO AS
Total operating income 2023: NOK 6,059,000
Operating profit 2023: NOK -8,070,000
Employees: 5

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	6,059,000	5,679,000	6,397,000
Annual Total Result	134,841,000	2,449,000	98,056,000
Total assets	1,227,986,000	1,369,807,000	1,379,897,000
Total liabilities	20,128,000	30,643,000	29,247,000
Total equity	1,207,857,000	1,339,164,000	1,350,650,000

P&L

Year	2023	2022	2021
Total operating income	6,059,000	5,679,000	6,397,000
Total operating costs	14,130,000	13,552,000	13,128,000
Operating result	-8,070,000	-7,873,000	-6,731,000
Financial income/costs	0	0	0
Profit before tax	134,674,000	2,449,000	98,056,000
Total tax & extraordinary income/cost	-167,000	0	0
Annual Total Result	134,841,000	2,449,000	98,056,000

Balance overview

Year	2023	2022	2021
Total fixed assets	1,169,363,000	1,285,885,000	1,302,341,000
Total current assets	58,622,000	83,922,000	77,556,000
Total assets	1,227,986,000	1,369,807,000	1,379,897,000
Short term debt	20,128,000	21,865,000	20,643,000
Long term debt	0	8,778,000	8,604,000
Total liabilities	20,128,000	30,643,000	29,247,000
Contributed capital	2,025,000	2,426,000	2,426,000
Retained earnings	1,205,833,000	1,336,738,000	1,348,224,000
Total equity	1,207,857,000	1,339,164,000	1,350,650,000
Total equity and liabilities	1,227,986,000	1,369,807,000	1,379,897,000

Classification

Category

Industry and manufacturing

/ Ships and boats

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

C

Main industrial area

Manufacturing

30

Activity

Manufacture of other transport equipment

30.1

Main industrial group

Building of ships and boats

30.11

Industrial group

Building of ships and floating structures

30.111

Industrial group

Building of ships and hulls more than 100 g.r.tons