HIGH NORTH QUALITY AS • 926097342 • Kirkenes • Wholesale trade, except of motor vehicles and motorcycles

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Goods and trade

/ Purchase and sale

HIGH NORTH QUALITY AS

Keywords

foodbeveragestobacco

Organization

CEO: YZ
Yingxiang Zhao1985
Chairman of the board: PL
Pål Lund-Roland1959
Years since formation: 4 years; since Dec 10, 2020
Type: Limited company
VAT registered: Yes
Number of employees: 0

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 2023: 12,726,896; NOK
Annual total result 2023: 548,437; NOK
Total equity 2023: 30,000; NOK

Last update: Nov 25, 2024

Management

Management / administration

Name	Role	Shares
YZ Yingxiang Zhao 1985	Managing Director/CEO	-

Board

Name	Role	Shares
PL Pål Lund-Roland 1959	Chairman	-
OR Olav Rygh 1989	Board Member	32.07 % indirectly

Others

Name	Role	Shares
A ASPIA NORGE AS	Accountant	-
E ERNST & YOUNG AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
TV Tom Vidar Rygh 1958	-	35.86 % indirectly
OR Olav Rygh 1989	Board Member	32.07 % indirectly
PV Pia Victoria Rygh 1992	-	32.07 % indirectly

Last update: Dec 3, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
H HIGH NORTH DEVELOPMENT GROUP AS	Ordinary shares	30,000	100 %

Shares owned by the HIGH NORTH QUALITY AS

Name	Share class	Number of shares	Share
M MJØSA ENERGY AS	Ordinary shares	30,000	100 %
E E-THOR ENERGY SOLUTION AS	Ordinary shares	3,000	100 %
H HIGH NORTH ENERGY AS	Ordinary shares	30,000	100 %
K KIRKENES INTERNATIONAL LOGISTICS HUB AS	Ordinary shares	30,000	100 %
T TCIT EUROPE AS	Ordinary shares	34,436	33.33 %

Last update: May 24, 2024

Group structure

STEINERUD AS
Total operating income 2023: NOK 8,000
Operating profit 2023: NOK -433,616
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	12,726,896	1,522,456	1,967,959
Annual Total Result	548,437	-110,380	-53,705
Total assets	2,408,151	358,234	249,798
Total liabilities	2,378,151	497,889	279,073
Total equity	30,000	-139,655	-29,275

P&L

Year	2023	2022	2021
Total operating income	12,726,896	1,522,456	1,967,959
Total operating costs	12,041,601	1,644,953	2,037,082
Operating result	685,295	-122,497	-69,124
Financial income/costs	-18,889	12,117	15,419
Profit before tax	666,405	-110,380	-53,705
Total tax & extraordinary income/cost	117,968	0	0
Annual Total Result	548,437	-110,380	-53,705

Balance overview

Year	2023	2022	2021
Total fixed assets	332,338	0	0
Total current assets	2,075,814	358,234	249,798
Total assets	2,408,151	358,234	249,798
Short term debt	2,376,787	497,889	279,073
Long term debt	1,364	0	0
Total liabilities	2,378,151	497,889	279,073
Contributed capital	24,430	24,430	24,430
Retained earnings	5,570	-164,085	-53,705
Total equity	30,000	-139,655	-29,275
Total equity and liabilities	2,408,151	358,234	249,798

Classification

Category

Goods and trade

/ Purchase and sale

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

46

Activity

Wholesale trade, except of motor vehicles and motorcycles

46.3

Main industrial group

Wholesale of food, beverages and tobacco

46.39

Industrial group

Non-specialised wholesale of food, beverages and tobacco

46.390

Industrial group

Non-specialised wholesale of food, beverages and tobacco