ISLAND OFFSHORE XII SHIP AS • 994289764 • Ulsteinvik • Water transport

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ISLAND OFFSHORE XII SHIP AS

Keywords

offshoresupplyservice servicessea transporttechnical personnelfloating installationsequipmentgoodsoffshore operations

Organization

Chairman of the board: MU
Morten Ulstein1953
Years since formation: 15 years; since Jul 3, 2009
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 404,097; 1 share class
Total number of shareholders: 2; companies
Belongs to group of

Financials

Total operating income 2023: 246,640,797; NOK
Annual total result 2023: 44,336,770; NOK
Total equity 2023: 1,034,647,312; NOK

Last update: Aug 29, 2024

Management

Board

Name	Role	Shares
MU Morten Ulstein 1953	Chairman	-
DD Dino David Chouest 1969	Board Member	2.65 % indirectly
HU Håvard Ulstein 1959	Board Member	-
GP Giovanni Peditto 1970	Board Member	-
AK Amrit Kaur Bhullar 1982	Board Member	-
MM Mai-Britt Myklebust 1969	Contact Person	-

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
H HASUND AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
DD Dino David Chouest 1969	Board Member	2.65 % indirectly
UH Una Griffin Huse 1949	-	1.89 % indirectly
PI Paul Ingebrigt Huse 1986	-	1.59 % indirectly
MH Maria Griffin Huse 1982	-	1.59 % indirectly

Last update: Jan 6, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
I ISLAND OFFSHORE XII AS	Ordinary shares	214,541	53.09 %
V VARD GROUP AS	Ordinary shares	189,556	46.91 %

Shares owned by the ISLAND OFFSHORE XII SHIP AS

Name	Share class	Number of shares	Share
I ISLAND VICTORY AS	Ordinary shares	120,000	100 %
I ISLAND DEFENDER AS	Ordinary shares	30,000	100 %

Last update: May 24, 2024

Group structure

ISLAND OFFSHORE XII AS
Total operating income 2023: NOK 0
Operating profit 2023: NOK -65,381
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	246,640,797	204,244,869	193,129,498
Annual Total Result	44,336,770	-6,285,704	24,602,848
Total assets	1,400,536,153	1,550,784,228	1,447,129,223
Total liabilities	365,888,841	50,804,027	450,532,977
Total equity	1,034,647,312	990,310,542	996,596,246

P&L

Year	2023	2022	2021
Total operating income	246,640,797	204,244,869	193,129,498
Total operating costs	171,711,002	184,938,868	150,751,599
Operating result	74,929,795	19,306,001	42,377,899
Financial income/costs	-15,942,970	-24,248,610	-10,783,028
Profit before tax	58,986,825	-4,942,610	31,594,872
Total tax & extraordinary income/cost	14,650,055	1,343,094	6,992,024
Annual Total Result	44,336,770	-6,285,704	24,602,848

Balance overview

Year	2023	2022	2021
Total fixed assets	1,269,284,996	1,292,427,437	1,335,470,534
Total current assets	131,251,157	258,356,791	111,658,689
Total assets	1,400,536,153	1,550,784,228	1,447,129,223
Short term debt	16,050,527	50,804,027	214,179,001
Long term debt	0	0	0
Total liabilities	365,888,841	50,804,027	450,532,977
Contributed capital	732,285,318	732,285,318	732,285,318
Retained earnings	302,361,994	258,025,224	264,310,928
Total equity	1,034,647,312	990,310,542	996,596,246
Total equity and liabilities	1,400,536,153	1,041,114,569	1,447,129,223

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