ULSMO FINANS AS • 893524002 • Ulsteinvik • Manufacture of other transport equipment

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Industry and manufacturing

/ Ships and boats

/ 30.111 Building of ships and hulls more than 100 g.r.tons

ULSMO FINANS AS

Keywords

buildinglargeshipsboard

Organization

CEO: TN
Thore Nikolai Teige1965
Chairman of the board: IU
Ingerid Ulstein1971
Years since formation: 16 years; since Jan 14, 2009
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 59,293,690; 2 share classes
Total number of shareholders: 12; companies
Belongs to group of

Financials

Annual total result 2023: 187,263,650; NOK
Total equity 2023: 996,890,653; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
TN Thore Nikolai Teige 1965	Managing Director/CEO	-

Board

Name	Role	Shares
IU Ingerid Ulstein 1971	Chairman	13.5 % indirectly
IM Idar Marius Ulstein 1977	Board Member	12.6 % indirectly
NP Nils Peter Skeide 1971	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
IU Ingerid Ulstein 1971	Chairman	13.5 % indirectly
IM Idar Marius Ulstein 1977	Board Member	12.6 % indirectly
VU Vegard Ulstein 1965	-	12.49 % indirectly
GU Gunvor Ulstein 1969	-	12.46 % indirectly
OU Oda Ulstein 2001	-	5.45 % indirectly
EU Emma Ulstein 2004	-	5.45 % indirectly
TU Tore Ulstein 1967	-	3.98 % indirectly
MU Marit Ulstein Mæhlum 2003	-	1.82 % indirectly
FU Fredrikke Ulstein Mæhlum 2005	-	1.82 % indirectly
UM Ulstein Martinus 2006	-	1.48 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
U ULSMO AS	A-shares	30,240,000	51 %
U ULSMO FINANS AS	Class B shares	7,642,436	12.89 %
A AMORIN AS	Class B shares	5,505,278	9.28 %
M MOGUL INVEST AS	Class B shares	3,447,000	5.81 %
A AMORIN JUNIOR AS	Class B shares	2,920,873	4.93 %
M MOGUL KAPITAL AS	Class B shares	1,941,000	3.27 %
J JUPITER INVEST JUNIOR AS	Class B shares	1,810,845	3.05 %
T TOKA INVEST JUNIOR AS	Class B shares	1,718,189	2.9 %
V VEGARD ULSTEIN INVEST II AS	Class B shares	1,432,095	2.42 %
T TOKA INVEST II AS	Class B shares	1,059,474	1.79 %
V VEGARD ULSTEIN INVEST JUNIOR AS	Class B shares	799,605	1.35 %
J JUPITER INVEST II AS	Class B shares	776,895	1.31 %

Shares owned by the ULSMO FINANS AS

Name	Share class	Total number of shares	Share
U ULSMO FINANS AS	Class B shares	7,642,436	12.89 %
N NORSKE SKOG ASA	NO0010861115	330,000	0.39 %
E ELKEM ASA	NO0010816093	1,706,000	0.27 %
E EDDA WIND ASA	NO0010998529	183,860	0.14 %
Y YARA INTERNATIONAL ASA	NO0010208051	210,000	0.08 %
O ORKLA ASA	NO0003733800	574,000	0.06 %
S STOREBRAND ASA	NO0003053605	282,000	0.06 %
E ELOPAK ASA	NO0011002586	145,494	0.05 %
T TELENOR ASA	NO0010063308	536,000	0.04 %
M MOWI ASA	NO0003054108	14,078	< 0.01 %
E EQUINOR ASA	NO0010096985	186,000	< 0.01 %
D DNB BANK ASA	NO0010161896	73,000	< 0.01 %
G GJENSIDIGE FORSIKRING ASA	NO0010582521	18,000	< 0.01 %

Last update: Jun 2, 2025

Group structure

ULSMO AS
Total operating income 2023: NOK 6,059,000
Operating profit 2023: NOK -8,070,000
Employees: 5

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	0	0	0
Annual Total Result	187,263,650	7,753,935	71,746,676
Total assets	1,006,554,369	907,600,317	927,118,428
Total liabilities	9,663,715	1,570,852	778,894
Total equity	996,890,653	906,029,465	926,339,534

P&L

Year	2023	2022	2021
Total operating income	0	0	0
Total operating costs	8,195,001	6,995,886	5,817,195
Operating result	-8,195,001	-6,995,886	-5,817,195
Financial income/costs	204,729,689	0	0
Profit before tax	196,534,688	8,695,994	72,500,994
Total tax & extraordinary income/cost	9,271,038	942,059	754,318
Annual Total Result	187,263,650	7,753,935	71,746,676

Balance overview

Year	2023	2022	2021
Total fixed assets	0	0	0
Total current assets	1,006,554,369	907,600,317	927,118,428
Total assets	1,006,554,369	907,600,317	927,118,428
Short term debt	3,488,652	1,570,852	778,894
Long term debt	6,175,063	0	0
Total liabilities	9,663,715	1,570,852	778,894
Contributed capital	365,589,817	369,247,217	369,123,532
Retained earnings	631,300,836	536,782,248	557,216,002
Total equity	996,890,653	906,029,465	926,339,534
Total equity and liabilities	1,006,554,368	907,600,317	927,118,428

Classification

Category

Industry and manufacturing

/ Ships and boats

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

C

Main industrial area

Manufacturing

30

Activity

Manufacture of other transport equipment

30.1

Main industrial group

Building of ships and boats

30.11

Industrial group

Building of ships and floating structures

30.111

Industrial group

Building of ships and hulls more than 100 g.r.tons