HITECVISION ADVISORY AS • 989091530 • Stavanger • Activities auxiliary to financial services and insurance activities

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Banking and insurance

/ Financial management

/ 66.300 Fund management activities

HITECVISION ADVISORY AS

HitecVision

Keywords

portfolio managementwealth managementdefined contribution pension fundsmanagement companiessecurities funds

Links

Organization

CEO: EB
Erlend Basmo Ellingsen1987
Chairman of the board: PM
Pål Magnus Reed1961
Years since formation: 20 years; since Dec 13, 2005
Type: Limited company
VAT registered: Yes
Number of employees: 54

Ownership

Number of shares and share classes: 14,500; 1 share class
Total number of shareholders: 1; company
Belongs to group of

Financials

Total operating income 2023: 346,081,805; NOK
Annual total result 2023: 13,557,641; NOK
Total equity 2023: 92,311,182; NOK

Last update: Apr 2, 2025

Management

Management / administration

Name	Role	Shares
EB Erlend Basmo Ellingsen 1987	Managing Director/CEO	-

Board

Name	Role	Shares
OE Ole Ertvaag 1963	Board Member	31.23 % indirectly
PM Pål Magnus Reed 1961	Chairman	2.43 % indirectly
LE Lene Eilertsen Nygård 1992	Board Member	-

Others

Name	Role	Shares
D DELOITTE AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
OE Ole Ertvaag 1963	Board Member	31.23 % indirectly
OS Ola Sætre 1957	-	5.51 % indirectly
PM Pål Magnus Reed 1961	Chairman	2.43 % indirectly
HS Henrik Sætre 1986	-	1.54 % indirectly
CS Caroline Sætre 2000	-	1.54 % indirectly
JG Jon Grude Gjedebo 1945	-	1.36 % indirectly
ME Morten Eivindssøn Astrup 1975	-	1.12 % indirectly

Last update: Feb 8, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
H HITECVISION AS	Ordinary shares	14,500	100 %

Last update: May 24, 2024

Group structure

HITECVISION AS
Total operating income 2023: NOK 777,932,080
Operating profit 2023: NOK 769,063,864
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	346,081,805	350,260,424	266,560,833
Annual Total Result	13,557,641	13,835,649	15,286,381
Total assets	181,143,789	135,437,153	116,977,968
Total liabilities	88,832,609	56,683,614	52,060,076
Total equity	92,311,182	78,753,540	64,917,891

P&L

Year	2023	2022	2021
Total operating income	346,081,805	350,260,424	266,560,833
Total operating costs	331,600,114	332,280,365	248,235,089
Operating result	14,481,691	17,980,059	18,325,744
Financial income/costs	5,575,682	2,212,556	2,885,097
Profit before tax	20,057,373	20,192,615	21,210,841
Total tax & extraordinary income/cost	6,499,732	6,356,966	5,924,460
Annual Total Result	13,557,641	13,835,649	15,286,381

Balance overview

Year	2023	2022	2021
Total fixed assets	8,295,202	10,143,712	6,974,611
Total current assets	172,848,587	125,293,441	110,003,357
Total assets	181,143,789	135,437,153	116,977,968
Short term debt	88,832,609	56,683,614	52,060,076
Long term debt	0	0	0
Total liabilities	88,832,609	56,683,614	52,060,076
Contributed capital	26,250,000	26,250,000	26,250,000
Retained earnings	66,061,182	52,503,540	38,667,891
Total equity	92,311,182	78,753,540	64,917,891
Total equity and liabilities	181,143,791	135,437,154	116,977,967

Classification

Category

Banking and insurance

/ Financial management

Type of organization

Limited company

Standard industrial classification

K

Main industrial area

Financial and insurance activities

66

Activity

Activities auxiliary to financial services and insurance activities

66.3

Main industrial group

Fund management activities

66.30

Industrial group

Fund management activities

66.300

Industrial group

Fund management activities