MØRE ELECTRIC GROUP AS

Keywords

manufacturingbattery chargerstransistorselectric door opening and closing mechanismsbellsextension cordsultrasonic cleanersinvertersrectifiersfuel cellspower suppliesuninterruptible power supplies (ups)surge suppressorsappliance wiringconnectorscarbon electrodesgraphite electrodescontactsparticulate acceleration electrodescapacitorsresistorsacceleration electrodeselectromagnetssirensscoreboardssignssignaling equipmentlight signalspedestrian signalsinsulatorsbase metal pipesfittingselectroweldingsoldering equipmentsoldering irons

Organization

CEO: TK
Tor Rieve Kristiansen1958
Chairman of the board: TK
Tor Rieve Kristiansen1958
Years since formation: 24 years; since Oct 10, 2000
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 1,000; 1 share class
Total number of shareholders: 2; 1 company, 1 person
Belongs to group of

Financials

Total operating income 2023: 4,639,704; NOK
Annual total result 2023: 74,873,988; NOK
Total equity 2023: 52,154,291; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
TK Tor Rieve Kristiansen 1958	Managing Director/CEO	16.88 % indirectly

Board

Name	Role	Shares
TK Tor Rieve Kristiansen 1958	Chairman	16.88 % indirectly
YØ Yngvar Ødegård 1970	Board Member	-
DK Dag Rieve Kristiansen 1953	Alternate Member	9.87 % indirectly
JA Jo Aslak Rieve-Kristiansen 1965	Board Member	9.05 % indirectly
BD Bente Storhaug Dahl 1968	Board Member	-
AM Anna Maria Jonsson 1980	Board Member	-

Others

Name	Role	Shares
K KPMG AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
TK Tor Rieve Kristiansen 1958	Managing Director/CEO, Chairman	16.88 % indirectly
DK Dag Rieve Kristiansen 1953	Alternate Member	9.87 % indirectly
JA Jo Aslak Rieve-Kristiansen 1965	Board Member	9.05 % indirectly
EK Erlend Rieve Kristiansen 1993	-	5.41 % indirectly
VK Vemund Rieve Kristiansen 1998	-	5.41 % indirectly
IK Ingrid Rieve Kristiansen 1990	-	5.41 % indirectly
OR Oddvar Rieve-Kristiansen 1978	-	3.29 % indirectly
MK Maria Rieve Kristiansen 1984	-	3.29 % indirectly
HK Haakon Rieve Kristiansen 1999	-	2.47 % indirectly
IK Ingvild Rieve Kristiansen 1994	-	2.47 % indirectly

Last update: Oct 7, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
R RIEVE GRUPPEN AS	Ordinary shares	660	66 %
ES Electric Ab Schneider	Ordinary shares	340	34 %

Shares owned by the MØRE ELECTRIC GROUP AS

Name	Share class	Number of shares	Share
M MØRE TRAFO AS	Ordinary shares	182	100 %

Last update: May 24, 2024

Group structure

RIEVE KAPITAL AS
Total operating income 2023: NOK 0
Operating profit 2023: NOK -855,418
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	4,639,704	2,796,650	6,253,460
Annual Total Result	74,873,988	14,915,292	15,447,467
Total assets	145,040,425	81,213,373	62,580,825
Total liabilities	92,886,134	33,933,070	16,215,815
Total equity	52,154,291	47,280,303	46,365,011

P&L

Year	2023	2022	2021
Total operating income	4,639,704	2,796,650	6,253,460
Total operating costs	5,477,315	5,279,129	5,728,232
Operating result	-837,611	-2,482,479	525,228
Financial income/costs	75,677,064	17,373,352	15,042,946
Profit before tax	74,839,453	14,890,873	15,568,174
Total tax & extraordinary income/cost	-34,535	-24,419	120,707
Annual Total Result	74,873,988	14,915,292	15,447,467

Balance overview

Year	2023	2022	2021
Total fixed assets	55,105,748	55,582,026	38,439,853
Total current assets	89,934,677	25,631,347	24,140,972
Total assets	145,040,425	81,213,373	62,580,825
Short term debt	71,805,973	14,455,274	16,169,135
Long term debt	21,080,161	19,477,796	46,680
Total liabilities	92,886,134	33,933,070	16,215,815
Contributed capital	45,142,423	45,142,423	45,142,423
Retained earnings	7,011,868	2,137,880	1,222,588
Total equity	52,154,291	47,280,303	46,365,011
Total equity and liabilities	145,040,425	81,213,373	62,580,826

MØRE ELECTRIC GROUP AS982 457 602