Organization
- CEO
- TH
Thorolf Hestness1970
- Chairman of the board
- TH
Thorolf Hestness1970
- Years since formation
- 24 years
- since Feb 3, 2000
- Type
- Limited company
- VAT registered
- No
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 29,000
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Annual total result 2023
- 41,942,548
- NOK
- Total equity 2023
- 108,399,053
- NOK
Last update: Aug 29, 2024
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
TH 1970 | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
TH 1970 | Chairman | - |
CH 1973 | Board Member | 38.48 % indirectly |
IH | Board Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
CH 1973 | Board Member | 38.48 % indirectly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Number of shares | Share |
|---|---|---|---|
| Ordinary shares | 29,000 | 100 % |
Shares owned by the OTTO HESTNESS REDERI AS
| Name | Share class | Number of shares | Share |
|---|---|---|---|
| Ordinary shares | 17,575,076 | 36.43 % | |
| Ordinary shares | 253 | 23.89 % | |
| Ordinary shares | 909 | 9.09 % |
Last update: May 24, 2024
Group structure
- Total operating income 2023: NOK 0Operating profit 2023: NOK -56,044Employees: 0
Financials
in NOK
Summary
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 0 | 0 | 0 |
Annual Total Result | 41,942,548 | 33,621,697 | 23,682,747 |
Total assets | 130,260,819 | 105,311,494 | 96,873,593 |
Total liabilities | 21,861,766 | 35,154,680 | 58,604,889 |
Total equity | 108,399,053 | 70,156,814 | 38,268,704 |
P&L
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 0 | 0 | 0 |
Total operating costs | 213,296 | 156,473 | 230,906 |
Operating result | -213,296 | -156,473 | -230,906 |
Financial income/costs | 43,201,480 | 34,269,578 | 24,064,020 |
Profit before tax | 42,988,184 | 34,113,106 | 23,833,114 |
Total tax & extraordinary income/cost | 1,045,636 | 491,409 | 150,367 |
Annual Total Result | 41,942,548 | 33,621,697 | 23,682,747 |
Balance overview
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 2,972,094 | 15,620,670 | 16,046,275 |
Total current assets | 127,288,725 | 89,690,824 | 80,827,318 |
Total assets | 130,260,819 | 105,311,494 | 96,873,593 |
Short term debt | 21,861,766 | 35,154,680 | 58,604,889 |
Long term debt | 0 | 0 | 0 |
Total liabilities | 21,861,766 | 35,154,680 | 58,604,889 |
Contributed capital | 38,268,704 | 38,268,704 | 38,268,704 |
Retained earnings | 70,130,349 | 31,888,110 | 0 |
Total equity | 108,399,053 | 70,156,814 | 38,268,704 |
Total equity and liabilities | 130,260,819 | 105,311,494 | 96,873,593 |
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
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
50.201
Industrial group
Freight ocean transport