HIGH NORTH DEVELOPMENT GROUP AS
Organization
- CEO
- NA
- Chairman of the board
- TV
Tom Vidar Rygh1958
- Years since formation
- 20 years
- since Jan 20, 2005
- Type
- Limited company
- VAT registered
- No
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 501,000
- 1 share class
- Total number of shareholders
- 2
- companies
- Belongs to group of
Financials
- Total operating income 2024
- -1,405,956
- NOK
- Annual total result 2024
- -7,805,883
- NOK
- Total equity 2024
- 41,129,513
- NOK
Last update: Sep 9, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
NA | Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
TV 1958 | Chairman | 35.86 % indirectly |
OR 1989 | Board Member | 32.07 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
TV 1958 | Chairman | 35.86 % indirectly |
OR 1989 | Board Member | 32.07 % indirectly |
PV | - | 32.07 % indirectly |
Last update: Jan 20, 2025
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 357,037 | 71.26 % | |
| Ordinary shares | 143,963 | 28.74 % |
Shares owned by the HIGH NORTH DEVELOPMENT GROUP AS
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 7,200 | 100 % | |
| Ordinary shares | 15,030 | 100 % | |
| Ordinary shares | 30,000 | 100 % | |
| Ordinary shares | 100,000 | 100 % | |
| Ordinary shares | 300 | 100 % | |
| Ordinary shares | 30,000 | 100 % | |
| Ordinary shares | 50,000 | 100 % | |
| Ordinary shares | 3,000 | 100 % | |
| Ordinary shares | 15,000 | 50 % |
Last update: Jun 2, 2025
Group structure
- Total operating income 2024: NOK 142,000Operating profit 2024: NOK -325,290Employees: 0
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | -1,405,956 | 0 | 0 | 0 |
Annual Total Result | -7,805,883 | -1,712,719 | -1,283,789 | 744,745 |
Total assets | 160,602,178 | 84,352,050 | 62,870,649 | 61,758,063 |
Total liabilities | 119,472,665 | 35,416,655 | 12,222,536 | 9,826,160 |
Total equity | 41,129,513 | 48,935,395 | 50,648,114 | 51,931,903 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | -1,405,956 | 0 | 0 | 0 |
Total operating costs | 538,976 | 544,924 | 730,470 | 208,335 |
Operating result | -1,944,932 | -544,924 | -730,470 | -208,335 |
Financial income/costs | -5,860,950 | -1,167,795 | -553,319 | 1,159,631 |
Profit before tax | -7,805,883 | -1,712,719 | -1,283,789 | 951,296 |
Total tax & extraordinary income/cost | 0 | 0 | 0 | 206,551 |
Annual Total Result | -7,805,883 | -1,712,719 | -1,283,789 | 744,745 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 61,400,698 | 61,381,183 | 60,653,883 | 60,593,883 |
Total current assets | 99,201,480 | 22,970,867 | 2,216,766 | 1,164,180 |
Total assets | 160,602,178 | 84,352,050 | 62,870,649 | 61,758,063 |
Short term debt | 119,472,665 | 35,416,655 | 12,222,536 | 9,826,160 |
Long term debt | 0 | 0 | 0 | 0 |
Total liabilities | 119,472,665 | 35,416,655 | 12,222,536 | 9,826,160 |
Contributed capital | 50,100,000 | 50,100,000 | 50,100,000 | 50,100,000 |
Retained earnings | -8,970,488 | -1,164,605 | 548,114 | 1,831,903 |
Total equity | 41,129,513 | 48,935,395 | 50,648,114 | 51,931,903 |
Total equity and liabilities | 160,602,178 | 84,352,050 | 62,870,649 | 61,758,063 |
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