THE FOLK MUSIC ACADEMY AS
Keywords
teachingpaintingdrawingmusicoperasinginginstrument lessonsdancecrafts
Organization
- CEO
- OL
- Chairman of the board
- OL
- Years since formation
- 5 years
- since Mar 18, 2020
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 300
- 1 share class
- Total number of shareholders
- 3
- 1 company, 2 persons
Financials
- Total operating income 2024
- 872,354
- NOK
- Annual total result 2024
- 6,775
- NOK
- Total equity 2024
- 101,635
- NOK
Last update: Jul 16, 2025
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
OL | Managing Director/CEO | 53.33 % directly |
Board
| Name | Role | Shares |
|---|---|---|
OL | Chairman | 53.33 % directly |
JM | Board Member | - |
OG 1976 | Board Member | 23.33 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
OL | Managing Director/CEO, Chairman | 53.33 % directly |
OG 1976 | Board Member | 23.33 % indirectly |
JM | - | 23.33 % directly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
OL | Ordinary shares | 160 | 53.33 % |
| Ordinary shares | 70 | 23.33 % | |
JM | Ordinary shares | 70 | 23.33 % |
Last update: Jun 2, 2025
Financials
in NOK
Summary
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 872,354 | 822,645 | 729,291 | 523,230 |
Annual Total Result | 6,775 | -6,057 | 67,230 | -65,891 |
Total assets | 115,361 | 187,602 | 214,695 | 84,022 |
Total liabilities | 13,727 | 92,743 | 113,779 | 50,336 |
Total equity | 101,635 | 94,859 | 100,916 | 33,687 |
P&L
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total operating income | 872,354 | 822,645 | 729,291 | 523,230 |
Total operating costs | 865,456 | 827,439 | 660,298 | 590,286 |
Operating result | 6,898 | -4,793 | 68,993 | -67,056 |
Financial income/costs | 101 | -1,284 | -1,743 | -59 |
Profit before tax | 6,999 | -6,077 | 67,250 | -67,115 |
Total tax & extraordinary income/cost | 224 | -20 | 20 | -1,224 |
Annual Total Result | 6,775 | -6,057 | 67,230 | -65,891 |
Balance overview
| Year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total fixed assets | 6,758 | 16,894 | 27,030 | 37,166 |
Total current assets | 108,603 | 170,708 | 187,665 | 46,856 |
Total assets | 115,361 | 187,602 | 214,695 | 84,022 |
Short term debt | 13,503 | 92,743 | 113,759 | 50,336 |
Long term debt | 223 | 0 | 20 | 0 |
Total liabilities | 13,727 | 92,743 | 113,779 | 50,336 |
Contributed capital | 24,430 | 24,430 | 24,430 | 24,430 |
Retained earnings | 77,205 | 70,429 | 76,486 | 9,257 |
Total equity | 101,635 | 94,859 | 100,916 | 33,687 |
Total equity and liabilities | 115,362 | 187,602 | 214,695 | 84,022 |
Classification
Category
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
P
Main industrial area
Education
85
Activity
Education
85.5
Main industrial group
Other education
85.52
Industrial group
Cultural education
85.522
Industrial group
Art education