ADD ENERGY GROUP AS

Add Energy has moved - ABL Group

Add Energy has been integrated into two ABL Group companies. The Asset & Integrity management division is now a service line within ABL. The Drilling, Well Control, Safety & Risk Engineering divisions are now part of AGR.

Keywords

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Organization

Chairman of the board: SO
Svein Olav Staalen1971
Years since formation: 18 years; since Nov 22, 2007
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 911,257,732; 3 share classes
Total number of shareholders: 3; companies
Belongs to group of

Financials

Total operating income 2023: 10,548,274; NOK
Annual total result 2023: 9,209,443; NOK
Total equity 2023: 60,164,754; NOK

Last update: Aug 29, 2024

Management

Board

Name	Role	Shares
SO Svein Olav Staalen 1971	Chairman	-
HB Haakon Skard Brandrud 1984	Board Member	-
HJ Harald Justnæs 1963	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-
S STAVANGER REVISJON AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
GO Glen Ole Rødland 1964	-	4.1 % indirectly
BS Bjørn Stray 1964	-	3.52 % indirectly
OM Ole Martin Neumann Rødland 1996	-	2.09 % indirectly
TR Tarald Neumann Rødland 2001	-	2.09 % indirectly
SE Snorre Erik Øverland 1972	-	1.24 % indirectly

Last update: Jan 23, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
A ABL GROUP ASA	NO0010510183	624,322,265	68.51 %
A ABL GROUP ASA	NO0012654468	284,935,467	31.27 %
A ABL GROUP ASA	NO0010510175	2,000,000	0.22 %

Shares owned by the ADD ENERGY GROUP AS

Name	Share class	Number of shares	Share
A ADD ENERGY NORTH AMERICA HOLDING AS	Ordinary shares	1,000	100 %
A ABL GROUP NORWAY AS	A-shares	3,928	75 %

Last update: May 24, 2024

Group structure

ABL GROUP ASA
Total operating income 2023: NOK 14,366,000
Operating profit 2023: NOK -16,104,000
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	10,548,274	6,725,870	4,925,000
Annual Total Result	9,209,443	-8,910,960	-156,090,000
Total assets	116,240,297	107,816,122	60,385,000
Total liabilities	56,075,543	73,486,994	71,094,000
Total equity	60,164,754	34,329,128	-10,711,000

P&L

Year	2023	2022	2021
Total operating income	10,548,274	6,725,870	4,925,000
Total operating costs	15,264,466	15,117,941	11,671,000
Operating result	-4,716,192	-8,392,071	-6,746,000
Financial income/costs	9,236,199	-7,699,241	-150,956,000
Profit before tax	4,520,007	-16,091,312	-157,702,000
Total tax & extraordinary income/cost	-4,689,436	-7,180,352	-1,612,000
Annual Total Result	9,209,443	-8,910,960	-156,090,000

Balance overview

Year	2023	2022	2021
Total fixed assets	85,236,773	67,865,008	57,371,000
Total current assets	31,003,524	39,951,114	3,014,000
Total assets	116,240,297	107,816,122	60,385,000
Short term debt	21,155,046	9,332,269	71,094,000
Long term debt	34,920,497	64,154,725	0
Total liabilities	56,075,543	73,486,994	71,094,000
Contributed capital	91,125,773	91,125,773	62,632,000
Retained earnings	-30,961,019	-56,796,645	-73,343,000
Total equity	60,164,754	34,329,128	-10,711,000
Total equity and liabilities	116,240,297	107,816,122	60,383,000

ADD ENERGY GROUP AS991 977 651