WAY DOWN SOUTH AS
Organization
- CEO
- AL
Ann Lee1982
- Chairman of the board
- AL
Ann Lee1982
- Years since formation
- 10 years
- since Sep 18, 2015
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 27
Ownership
- Number of shares and share classes
- 30,000
- 1 share class
- Total number of shareholders
- 3
- companies
- Belongs to group of
Financials
- Total operating income 2024
- 24,400,478
- NOK
- Annual total result 2024
- 2,319,138
- NOK
- Total equity 2024
- 1,916,544
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
AL 1982 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
| Board Member | 9.94 % indirectly | |
AL 1982 | Chairman | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
BD 1984 | - | 40 % indirectly |
LA 1982 | - | 32 % indirectly |
| - | 10.06 % indirectly | |
| Board Member | 9.94 % indirectly | |
ML | - | 2 % indirectly |
Last update: Mar 13, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 12,000 | 40 % | |
| Ordinary shares | 12,000 | 40 % | |
| Ordinary shares | 6,000 | 20 % |
Shares owned by the WAY DOWN SOUTH AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 100 | 100 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 24,400,478Operating profit 2024: NOK 3,013,533Employees: 27
Financials
in NOK
Summary
| Year | 2024 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 24,400,478 | 23,710,494 | 18,483,481 |
Annual Total Result | 2,319,138 | 897,619 | 1,553,404 |
Total assets | 7,927,718 | 4,796,926 | 5,695,414 |
Total liabilities | 6,011,174 | 4,450,074 | 5,146,181 |
Total equity | 1,916,544 | 346,851 | 549,232 |
P&L
| Year | 2024 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 24,400,478 | 23,710,494 | 18,483,481 |
Total operating costs | 21,386,944 | 22,507,911 | 16,411,151 |
Operating result | 3,013,533 | 1,202,583 | 2,072,330 |
Financial income/costs | -36,353 | -12,134 | -45,348 |
Profit before tax | 2,977,181 | 1,190,449 | 2,026,982 |
Total tax & extraordinary income/cost | 658,043 | 292,830 | 473,578 |
Annual Total Result | 2,319,138 | 897,619 | 1,553,404 |
Balance overview
| Year | 2024 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 3,113,520 | 1,209,354 | 1,429,031 |
Total current assets | 4,814,198 | 3,587,572 | 4,266,383 |
Total assets | 7,927,718 | 4,796,926 | 5,695,414 |
Short term debt | 5,787,599 | 4,343,486 | 4,562,575 |
Long term debt | 223,575 | 106,589 | 583,607 |
Total liabilities | 6,011,174 | 4,450,074 | 5,146,181 |
Contributed capital | 21,834 | 21,834 | 21,834 |
Retained earnings | 1,894,710 | 325,017 | 527,398 |
Total equity | 1,916,544 | 346,851 | 549,232 |
Total equity and liabilities | 7,927,718 | 4,796,926 | 5,695,414 |
Classification
Type of organization
Limited company
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises