HIGH NORTH DEVELOPMENT GROUP AS • 987754257 • Kirkenes • Real estate activities

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Goods and trade

HIGH NORTH DEVELOPMENT GROUP AS

Keywords

apartmentsrentalagricultural landagricultural properties

Organization

CEO: NA
Niels Anton Røine1961
Chairman of the board: TV
Tom Vidar Rygh1958
Years since formation: 19 years; since Jan 20, 2005
Type: Limited company
VAT registered: Yes
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

Annual total result 2023: -1,712,719; NOK
Total equity 2023: 48,935,395; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
NA Niels Anton Røine 1961	Managing Director/CEO	-

Board

Name	Role	Shares
TV Tom Vidar Rygh 1958	Chairman	35.86 % indirectly
OR Olav Rygh 1989	Board Member	32.07 % indirectly

Others

Name	Role	Shares
E ERNST & YOUNG AS	Auditor	-
A ASPIA NORGE AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
TV Tom Vidar Rygh 1958	Chairman	35.86 % indirectly
OR Olav Rygh 1989	Board Member	32.07 % indirectly
PV Pia Victoria Rygh 1992	-	32.07 % indirectly

Last update: Dec 3, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
S STEINERUD AS	Ordinary shares	357,037	71.26 %
M MAMATOTO AS	Ordinary shares	143,963	28.74 %

Shares owned by the HIGH NORTH DEVELOPMENT GROUP AS

Name	Share class	Number of shares	Share
M MUNJA NORDICS AS	Ordinary shares	30,000	100 %
H HIGH NORTH MANAGEMENT AS	Ordinary shares	7,200	100 %
P PRESTEFJELLET TERRASSE AS	Ordinary shares	15,030	100 %
K KIRKENES INVEST HOLDING AS	Ordinary shares	100,000	100 %
P PROJECT NOTHINGNESS AS	Ordinary shares	30,000	100 %
N NYE RUNDKJØRINGA AS	Ordinary shares	300	100 %
H HIGH NORTH QUALITY AS	Ordinary shares	30,000	100 %
A ARCTIC VENTURE CAPITAL AS	Ordinary shares	50,000	100 %
P PACIFIC SALMON AS	Ordinary shares	30	100 %
O OCEAN CARBON EXCHANGE AS	Ordinary shares	15,000	50 %

Last update: May 24, 2024

Group structure

STEINERUD AS
Total operating income 2023: NOK 8,000
Operating profit 2023: NOK -433,616
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	0	0	0
Annual Total Result	-1,712,719	-1,283,789	744,745
Total assets	84,352,050	62,870,649	61,758,063
Total liabilities	35,416,655	12,222,536	9,826,160
Total equity	48,935,395	50,648,114	51,931,903

P&L

Year	2023	2022	2021
Total operating income	0	0	0
Total operating costs	544,924	730,470	208,335
Operating result	-544,924	-730,470	-208,335
Financial income/costs	-1,167,795	-553,319	1,159,631
Profit before tax	-1,712,719	-1,283,789	951,296
Total tax & extraordinary income/cost	0	0	206,551
Annual Total Result	-1,712,719	-1,283,789	744,745

Balance overview

Year	2023	2022	2021
Total fixed assets	61,381,183	60,653,883	60,593,883
Total current assets	22,970,867	2,216,766	1,164,180
Total assets	84,352,050	62,870,649	61,758,063
Short term debt	35,416,655	12,222,536	9,826,160
Long term debt	0	0	0
Total liabilities	35,416,655	12,222,536	9,826,160
Contributed capital	50,100,000	50,100,000	50,100,000
Retained earnings	-1,164,605	548,114	1,831,903
Total equity	48,935,395	50,648,114	51,931,903
Total equity and liabilities	84,352,050	62,870,649	61,758,063

Classification

Category

Goods and trade

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

L

Main industrial area

Real estate activities

68

Activity

Real estate activities

68.2

Main industrial group

Renting and operating of own or leased real estate

68.20

Industrial group

Renting and operating of own real estate

68.209

Industrial group

Other letting of real estate