Organization
- CEO
- TM
Thomas Morstad1976
- Chairman of the board
- TM
Thomas Morstad1976
- Years since formation
- 14 years
- since Jun 11, 2011
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 15,000
- 1 share class
- Total number of shareholders
- 1
- person
Financials
- Total operating income 2023
- 30,417,553
- NOK
- Annual total result 2023
- -818,979
- NOK
- Total equity 2023
- 229,105
- NOK
Last update: Aug 29, 2024
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
TM 1976 | Managing Director/CEO | 100 % directly |
Board
| Name | Role | Shares |
|---|---|---|
TM 1976 | Chairman | 100 % directly |
EG | Alternate Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
TM 1976 | Managing Director/CEO, Chairman | 100 % directly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Number of shares | Share |
|---|---|---|---|
TM 1976 | Ordinary shares | 15,000 | 100 % |
Shares owned by the MORSTAD BIL AS
| Name | Share class | Number of shares | Share |
|---|---|---|---|
| NO0010722689 | 250 | 0.02 % |
Last update: May 24, 2024
Financials
in NOK
Summary
| Year | 2023 | 2022 |
|---|---|---|
Total operating income | 30,417,553 | 45,835,828 |
Annual Total Result | -818,979 | 588,834 |
Total assets | 8,522,555 | 12,972,867 |
Total liabilities | 8,293,450 | 10,934,783 |
Total equity | 229,105 | 2,038,084 |
P&L
| Year | 2023 | 2022 |
|---|---|---|
Total operating income | 30,417,553 | 45,835,828 |
Total operating costs | 30,712,271 | 44,705,668 |
Operating result | -294,718 | 1,130,160 |
Financial income/costs | -545,789 | -375,245 |
Profit before tax | -840,506 | 754,915 |
Total tax & extraordinary income/cost | -21,527 | 166,081 |
Annual Total Result | -818,979 | 588,834 |
Balance overview
| Year | 2023 | 2022 |
|---|---|---|
Total fixed assets | 941,000 | 1,016,600 |
Total current assets | 7,581,555 | 11,956,267 |
Total assets | 8,522,555 | 12,972,867 |
Short term debt | 7,400,268 | 9,898,187 |
Long term debt | 893,182 | 1,036,596 |
Total liabilities | 8,293,450 | 10,934,783 |
Contributed capital | 512,680 | 1,502,680 |
Retained earnings | -283,575 | 535,404 |
Total equity | 229,105 | 2,038,084 |
Total equity and liabilities | 8,522,555 | 12,972,867 |
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
45.112
Industrial group
Retail sale of cars and light motor vehicles, except motorcycles