CITY ELEKTRO AS • 985550891 • Oslo • Specialised construction activities

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/ Contractor activities

/ 43.210 Electrical installation

CITY ELEKTRO AS

Keywords

installationelectrical installations

Organization

CEO: AR
Are Ringen1968
Chairman of the board: SB
Sirwan Baram Ahmad1980
Years since formation: 22 years; since Apr 3, 2003
Type: Limited company
VAT registered: Yes
Number of employees: 10

Ownership

Number of shares and share classes: 600; 1 share class
Total number of shareholders: 4; 1 company, 3 persons

Financials

Total operating income 2023: 14,287,353; NOK
Annual total result 2023: 123,496; NOK
Total equity 2023: 1,027,996; NOK

Last update: Dec 31, 2024

Management

Management / administration

Name	Role	Shares
AR Are Ringen 1968	Managing Director/CEO	30 % directly

Board

Name	Role	Shares
SI Svein Ivar Fagernes 1966	Board Member	30 % directly
AR Are Ringen 1968	Board Member	30 % directly
SB Sirwan Baram Ahmad 1980	Chairman	30 % directly

Others

Name	Role	Shares
B BLOM & FOSSAN AS	Auditor	-
C CONTROL PLUS AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
SI Svein Ivar Fagernes 1966	Board Member	30 % directly
SB Sirwan Baram Ahmad 1980	Chairman	30 % directly
AR Are Ringen 1968	Managing Director/CEO, Board Member	30 % directly

Last update: Jul 16, 2024

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
AR Are Ringen 1968	Ordinary shares	180	30 %
SB Sirwan Baram Ahmad 1980	Ordinary shares	180	30 %
SI Svein Ivar Fagernes 1966	Ordinary shares	180	30 %
C CITY ELEKTRO AS	Ordinary shares	60	10 %

Shares owned by the CITY ELEKTRO AS

Name	Share class	Total number of shares	Share
C CITY ELEKTRO AS	Ordinary shares	60	10 %

Last update: May 24, 2024

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	14,287,353	10,130,598	10,327,850
Annual Total Result	123,496	171,372	100,788
Total assets	4,916,881	4,012,683	3,619,220
Total liabilities	3,888,885	3,108,183	2,724,092
Total equity	1,027,996	904,500	895,128

P&L

Year	2023	2022	2021
Total operating income	14,287,353	10,130,598	10,327,850
Total operating costs	14,101,567	9,900,886	10,193,697
Operating result	185,786	229,712	134,154
Financial income/costs	-22,675	-5,457	-4,683
Profit before tax	163,111	224,256	129,470
Total tax & extraordinary income/cost	39,615	52,884	28,682
Annual Total Result	123,496	171,372	100,788

Balance overview

Year	2023	2022	2021
Total fixed assets	626,180	263,728	407,269
Total current assets	4,290,702	3,748,954	3,211,951
Total assets	4,916,881	4,012,683	3,619,220
Short term debt	3,290,119	2,944,693	2,488,775
Long term debt	598,766	163,490	235,317
Total liabilities	3,888,885	3,108,183	2,724,092
Contributed capital	540,000	540,000	540,000
Retained earnings	487,996	364,500	355,128
Total equity	1,027,996	904,500	895,128
Total equity and liabilities	4,916,881	4,012,683	3,619,220

Classification

Category

/ Contractor activities

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

F

Main industrial area

Construction

43

Activity

Specialised construction activities

43.2

Main industrial group

Electrical, plumbing and other construction installation activities

43.21

Industrial group

Electrical installation

43.210

Industrial group

Electrical installation