TINE SA
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Keywords
productionmilk pasteurizedsterilizedhomogenizedultra-heat treatedmilk-based beveragescreamdriedconcentratedbutteryogurtcheese and curdswheycaseinlactose
Organization
- CEO
- Chairman of the board
- MH
Marit Haugen1970
- Years since formation
- 29 years
- since Feb 19, 1995
- Type
- Co-operative
- VAT registered
- Yes
- Number of employees
- 4561
Financials
- Total operating income 2023
- 20,869,585,000
- NOK
- Annual total result 2023
- 1,256,894,000
- NOK
- Total equity 2023
- 9,512,544,000
- NOK
Last update: Sep 12, 2024
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
| Managing Director/CEO | - |
Board
| Name | Role | Shares |
|---|---|---|
MH 1970 | Chairman | - |
RØ | Deputy Chair | - |
AP 1974 | Board Member | - |
| Board Member | - | |
TA | Board Member | - |
SR | Board Member | - |
JE | Board Member | - |
BG 1980 | Board Member | - |
AB 1969 | Board Member | - |
DH 1974 | Alternate Member | - |
HM | Alternate Member | - |
KI | Alternate Member | - |
HO | Board Member | - |
| Board Member | - | |
AP | Alternate Member | - |
VH | Alternate Member | - |
KI | Alternate Member | - |
| Alternate Member | - |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - |
Last update: May 7, 2024
Ownership
Shares owned by the TINE SA
| Name | Share class | Number of shares | Share |
|---|---|---|---|
| Ordinary shares | 25,000 | 100 % | |
| Ordinary shares | 100 | 100 % | |
| Ordinary shares | 800 | 100 % | |
| Ordinary shares | 26,720 | 100 % | |
| Ordinary shares | 1,311,111 | 56.58 % | |
| Ordinary shares | 17,890 | 51.11 % | |
| Ordinary shares | 50 | 50 % | |
| A-shares | 11,000 | 44 % | |
| Ordinary shares | 6,100 | 23.46 % | |
| Ordinary shares | 4,200 | 21 % | |
| Ordinary shares | 95 | 19 % | |
| Ordinary shares | 6,600 | 18.86 % | |
| Ordinary shares | 40 | 8.7 % | |
| Ordinary shares | 70 | 7 % | |
| Ordinary shares | 10 | 0.45 % | |
| Ordinary shares | 425 | 0.29 % | |
| Ordinary shares | 5 | 0.2 % |
Last update: May 24, 2024
Group structure
- Total operating income 2023: NOK 20,869,585,000Operating profit 2023: NOK 1,425,738,000Employees: 4561
Financials
in NOK
Summary
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 20,869,585,000 | 19,555,482,000 | 19,273,781,000 |
Annual Total Result | 1,256,894,000 | 1,067,549,000 | 1,597,213,000 |
Total assets | 18,866,574,000 | 18,359,956,000 | 18,868,499,000 |
Total liabilities | 9,354,030,000 | 9,069,017,000 | 9,797,007,000 |
Total equity | 9,512,544,000 | 9,290,939,000 | 9,071,492,000 |
P&L
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 20,869,585,000 | 19,555,482,000 | 19,273,781,000 |
Total operating costs | 19,443,847,000 | 18,397,457,000 | 17,676,996,000 |
Operating result | 1,425,738,000 | 1,158,025,000 | 1,596,785,000 |
Financial income/costs | -58,471,000 | -60,784,000 | 61,408,000 |
Profit before tax | 1,367,267,000 | 1,097,241,000 | 1,658,193,000 |
Total tax & extraordinary income/cost | 110,373,000 | 29,692,000 | 60,980,000 |
Annual Total Result | 1,256,894,000 | 1,067,549,000 | 1,597,213,000 |
Balance overview
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 12,236,691,000 | 12,654,973,000 | 12,901,533,000 |
Total current assets | 6,629,883,000 | 5,704,983,000 | 5,966,966,000 |
Total assets | 18,866,574,000 | 18,359,956,000 | 18,868,499,000 |
Short term debt | 6,010,900,000 | 5,145,647,000 | 5,345,852,000 |
Long term debt | 3,343,130,000 | 3,923,370,000 | 4,451,155,000 |
Total liabilities | 9,354,030,000 | 9,069,017,000 | 9,797,007,000 |
Contributed capital | 4,754,000 | 4,895,000 | 5,040,000 |
Retained earnings | 9,507,790,000 | 9,286,044,000 | 9,066,452,000 |
Total equity | 9,512,544,000 | 9,290,939,000 | 9,071,492,000 |
Total equity and liabilities | 18,866,574,000 | 18,359,956,000 | 18,868,499,000 |
Classification
Category
Type of organization
Co-operative
Classification of institutional sector
INNL
Domestic sectors
A_IKKE-FIN
Non-financial corporations
2100
Private non-financial incorporated enterprises
Standard industrial classification
C
Main industrial area
Manufacturing
10
Activity
Manufacture of food products
10.5
Main industrial group
Manufacture of dairy products
10.51
Industrial group
Operation of dairies and cheese making
10.510
Industrial group
Operation of dairies and cheese making