FUNCTION GROUP AS • 916883935 • Hvalstad • Specialised construction activities

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/ Contractor activities

/ 43.210 Electrical installation

FUNCTION GROUP AS

Keywords

installationelectrical installations

Links

Organization

Chairman of the board: RK
Runar Kvåle1978
Years since formation: 9 years; since Mar 14, 2016
Type: Limited company
VAT registered: Yes
Number of employees: 0

Ownership

Number of shares and share classes: 10,000; 1 share class
Total number of shareholders: 2; companies
Belongs to group of

Financials

Total equity 2024: 360,556,611; NOK

Last update: Aug 7, 2025

Management

Board

Name	Role	Shares
SF Simen Færevaag 1990	Contact Person	-
RK Runar Kvåle 1978	Chairman	-
CL Camilla Louise Landsnes Sjuve 1986	Board Member	-
RF Rune Flengsrud 1960	Board Member	-
AT Ask Teigen Aas 1995	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
AC Anne Catrine Møller 1962	-	11.43 % indirectly
HM Harald Møller 1958	-	11.42 % indirectly
JM Jon Morten Møller 1960	-	11.03 % indirectly
LM Liisa Martine Møller 1996	-	5.47 % indirectly
MC Mia Cathrine Møller 1992	-	5.47 % indirectly
ØS Øyvind Schage Førde 1973	-	5.31 % indirectly
RF Ragnhild Førde 1987	-	5.31 % indirectly
IF Ingrid Førde 1976	-	5.31 % indirectly
JF Jan Frimann Eskild Møller 1992	-	5.27 % indirectly
NI Nora Iben Møller 1989	-	5.27 % indirectly

Last update: Feb 8, 2025

Ownership

Company shareholders

Name	Share class	Total number of shares	Share
A AARS INVEST AS	A-shares	9,010	90.1 %
V VAKÅS INVEST AS	A-shares	990	9.9 %

Shares owned by the FUNCTION GROUP AS

Name	Share class	Total number of shares	Share
F FUNCTION AS	Ordinary shares	1,000	100 %

Last update: Jun 2, 2025

Group structure

AARS AS
Total operating income 2023: NOK 35,000,000
Operating profit 2023: NOK -83,000,000
Employees: 23

Financials

in NOK

Summary

Year	2024	2023	2022	2021
Total operating income	0	0	0	0
Annual Total Result	0	0	102,000,000	-366,859
Total assets	360,556,611	327,188,215	311,726,797	310,028,212
Total liabilities	0	143,386,362	127,924,942	126,226,357
Total equity	360,556,611	183,801,854	183,801,855	183,801,855

P&L

Year	2024	2023	2022	2021
Total operating income	0	0	0	0
Total operating costs	811,130	624,206	695,987	351,506
Operating result	-811,130	-624,206	-695,987	-351,506
Financial income/costs	811,130	624,206	102,695,987	-118,826
Profit before tax	0	0	102,000,000	-470,332
Total tax & extraordinary income/cost	0	0	0	-103,473
Annual Total Result	0	0	102,000,000	-366,859

Balance overview

Year	2024	2023	2022	2021
Total fixed assets	305,905,905	305,905,905	305,905,905	305,905,905
Total current assets	54,650,705	21,282,310	5,820,891	4,122,307
Total assets	360,556,611	327,188,215	311,726,797	310,028,212
Short term debt	0	15,706,124	8,317,473	56,964,624
Long term debt	0	127,680,238	119,607,469	69,261,733
Total liabilities	0	143,386,362	127,924,942	126,226,357
Contributed capital	360,556,611	183,801,854	184,168,714	184,168,714
Retained earnings	0	0	-366,859	-366,859
Total equity	360,556,611	183,801,854	183,801,855	183,801,855
Total equity and liabilities	360,556,611	327,188,216	311,726,797	310,028,212

Classification

Category

/ Contractor activities

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

F

Main industrial area

Construction

43

Activity

Specialised construction activities

43.2

Main industrial group

Electrical, plumbing and other construction installation activities

43.21

Industrial group

Electrical installation

43.210

Industrial group

Electrical installation