CONNECTOR SUBSEA SOLUTIONS AS

Reliable solutions for complex subsea challenges - Connector Subsea Solutions

Our vision is to be the Worlds leading supplier of premium products and outstanding solutions; using our extensive experience to deliver critical offshore connections, creating value for the energy industry.

Keywords

crude oilnatural gasassemblydisassemblyinspectionrepairmaintenance (irm)insulationsurface treatmentscaffolding (iso)heatingventilationair conditioning (hvac)seabedcontrol cablesrisersflow pipesfloating tankersfpsodiving operationsunderwater exploration (rov)pipescablesengineeringproject activitiesliquefactionregasificationfirefighting

Organization

CEO: IH
Ivar Kjærvik Hanson1964
Chairman of the board: PM
Pål Magne Hisdal1969
Years since formation: 23 years; since Jun 14, 2002
Type: Limited company
VAT registered: Yes
Number of employees: 35

Ownership

Number of shares and share classes: 62,288; 1 share class
Total number of shareholders: 4; companies
Belongs to group of

Financials

Total operating income 2023: 237,956,078; NOK
Annual total result 2023: 20,643,036; NOK
Total equity 2023: 60,929,161; NOK

Last update: Nov 21, 2024

Management

Management / administration

Name	Role	Shares
IH Ivar Kjærvik Hanson 1964	Managing Director/CEO	10 % indirectly

Board

Name	Role	Shares
PM Pål Magne Hisdal 1969	Chairman	27.03 % indirectly
ST Stuart Thomas Keeble 1963	Alternate Member	-

Others

Name	Role	Shares
R RSM NORGE AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
PM Pål Magne Hisdal 1969	Chairman	27.03 % indirectly
TH Trine Hisdal 1981	-	26.24 % indirectly
TH Trude Hisdal 1965	-	26.24 % indirectly
IH Ivar Kjærvik Hanson 1964	Managing Director/CEO	10 % indirectly
AM André Kristiansen Midtun 1982	-	5.5 % indirectly
KA Kristen Andrew Foshaug 1981	-	5 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
C CROWN HILL CHARTERING AS	Ordinary shares	49,519	79.5 %
G GJEVILVASSGUTAN AS	Ordinary shares	6,229	10 %
A ACSA AS	Ordinary shares	3,426	5.5 %
K KAF TECHNOLOGIES AS	Ordinary shares	3,114	5 %

Shares owned by the CONNECTOR SUBSEA SOLUTIONS AS

Name	Share class	Number of shares	Share
C CONNECTOR SUBSEA TECHNOLOGY AS	Ordinary shares	300	100 %
C CONNECTOR SUBSEA SERVICES AS	Ordinary shares	100	100 %
C CONNECTOR SUBSEA DISTRIBUTION AS	Ordinary shares	1	100 %

Last update: May 24, 2024

Group structure

KOKSTAD CHARTERING AS
Total operating income 2023: NOK 0
Operating profit 2023: NOK -149,672
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	237,956,078	138,783,810	100,851,334
Annual Total Result	20,643,036	-24,849,364	-1,715,353
Total assets	161,061,796	158,904,830	138,953,558
Total liabilities	100,132,635	118,618,705	73,818,069
Total equity	60,929,161	40,286,125	65,135,489

P&L

Year	2023	2022	2021
Total operating income	237,956,078	138,783,810	100,851,334
Total operating costs	214,271,394	162,796,837	104,445,073
Operating result	23,684,685	-24,013,027	-3,593,739
Financial income/costs	2,844,740	-4,018,719	1,397,113
Profit before tax	26,529,425	-28,031,746	-2,196,627
Total tax & extraordinary income/cost	5,886,389	-3,182,382	-481,274
Annual Total Result	20,643,036	-24,849,364	-1,715,353

Balance overview

Year	2023	2022	2021
Total fixed assets	59,947,196	101,391,220	87,663,960
Total current assets	101,114,600	57,513,611	51,289,599
Total assets	161,061,796	158,904,830	138,953,558
Short term debt	89,515,856	106,618,705	57,055,712
Long term debt	10,616,779	12,000,000	16,762,357
Total liabilities	100,132,635	118,618,705	73,818,069
Contributed capital	12,321,682	12,321,682	12,321,682
Retained earnings	48,607,479	27,964,443	52,813,807
Total equity	60,929,161	40,286,125	65,135,489
Total equity and liabilities	161,061,796	158,904,830	138,953,558

CONNECTOR SUBSEA SOLUTIONS AS984 609 701