ISLAND OFFSHORE CREWING AS

Island Offshore

Island Offshore owns an extensive fleet of offshore service vessels with a range of capacities. Skilled professionals operates our vessels worldwide. Learn more about our services here!,Island Offshore owns an extensive fleet of offshore service vessels with a range of capacities. Skilled professionals operates our vessels worldwide. Learn more about our services here!

Keywords

crude oilnatural gasassemblydisassemblyinspectionrepairmaintenance (irm)insulationsurface treatmentscaffolding (iso)heatingventilationair conditioning (hvac)seabedcontrol cablesrisersflow pipesfloating tankersfpsodiving operationsunderwater exploration (rov)pipescablesengineeringproject activitiesliquefactionregasificationfirefighting

Organization

CEO: GS
Guri Lillebø Sætre1971
Chairman of the board: HU
Håvard Ulstein1959
Years since formation: 14 years; since Oct 20, 2010
Type: Limited company
VAT registered: Yes
Number of employees: 171

Ownership

Number of shares and share classes: 1,000; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2023: 240,998,509; NOK
Annual total result 2023: 99,270; NOK
Total equity 2023: 3,236,027; NOK

Last update: Oct 14, 2024

Management

Management / administration

Name	Role	Shares
GS Guri Lillebø Sætre 1971	Managing Director/CEO	-

Board

Name	Role	Shares
HU Håvard Ulstein 1959	Chairman	10 % indirectly
TW Tommy Walaunet 1973	Board Member	-

Others

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

Top 10 individual shareholders

Name	Role	Shares
MU Morten Ulstein 1953	-	10 % indirectly
HU Håvard Ulstein 1959	Chairman	10 % indirectly
SI Svein Idar Ulstein 1963	-	10 % indirectly
IM Ingunn Merete Ulstein Botnen 1955	-	10 % indirectly
HU Henning Ulstein 1956	-	10 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
I ISLAND OFFSHORE MANAGEMENT AS	Ordinary shares	1,000	100 %

Last update: May 24, 2024

Group structure

ISLAND OFFSHORE MANAGEMENT AS
Total operating income 2023: NOK 649,484,332
Operating profit 2023: NOK -5,793,718
Employees: 433

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	240,998,509	176,681,501	200,365,671
Annual Total Result	99,270	-17,698	-217,340
Total assets	42,365,815	32,104,338	55,103,183
Total liabilities	39,129,787	28,868,311	53,944,019
Total equity	3,236,027	3,236,028	1,159,164

P&L

Year	2023	2022	2021
Total operating income	240,998,509	176,681,501	200,365,671
Total operating costs	241,279,694	176,817,745	200,578,939
Operating result	-281,185	-136,244	-213,268
Financial income/costs	408,454	113,554	-65,374
Profit before tax	127,269	-22,690	-278,641
Total tax & extraordinary income/cost	27,999	-4,992	-61,301
Annual Total Result	99,270	-17,698	-217,340

Balance overview

Year	2023	2022	2021
Total fixed assets	0	0	585,782
Total current assets	42,365,815	32,104,338	54,517,401
Total assets	42,365,815	32,104,338	55,103,183
Short term debt	39,129,787	28,868,311	53,944,019
Long term debt	0	0	0
Total liabilities	39,129,787	28,868,311	53,944,019
Contributed capital	103,000	103,000	103,000
Retained earnings	3,133,027	3,133,028	1,056,164
Total equity	3,236,027	3,236,028	1,159,164
Total equity and liabilities	42,365,815	32,104,338	55,103,183

ISLAND OFFSHORE CREWING AS995 955 881