FRI SIKT VOLSDALSBERGA AS • 990529396 • Ulsteinvik • Construction of buildings

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/ Purchase and sale

FRI SIKT VOLSDALSBERGA AS

Keywords

real estatesalesdevelopment

Organization

CEO: CY
Christian Young1973
Chairman of the board: IU
Ingerid Ulstein1971
Years since formation: 19 years; since Nov 22, 2006
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 63,800; 1 share class
Total number of shareholders: 2; companies
Belongs to group of

Financials

Total operating income 2023: 97,852,001; NOK
Annual total result 2023: 9,441,930; NOK
Total equity 2023: 73,242,011; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
CY Christian Young 1973	Managing Director/CEO	-

Board

Name	Role	Shares
IU Ingerid Ulstein 1971	Chairman	4.81 % indirectly
NP Nils Peter Skeide 1971	Board Member	-
KH Kjetil Helge Nordang 1976	Board Member	-
JG Jarle Gehrken 1972	Board Member	-

Others

Name	Role	Shares
P PRICEWATERHOUSECOOPERS AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
IM Idar Marius Ulstein 1977	-	10.75 % indirectly
VU Vegard Ulstein 1965	-	10.74 % indirectly
GU Gunvor Ulstein 1969	-	7.57 % indirectly
IU Ingerid Ulstein 1971	Chairman	4.81 % indirectly
OU Oda Ulstein 2001	-	4.21 % indirectly
EU Emma Ulstein 2004	-	4.21 % indirectly
TU Tore Ulstein 1967	-	3.58 % indirectly
MM Marit Ulstein Mæhlum 2003	-	1.2 % indirectly
FM Fredrikke Ulstein Mæhlum 2005	-	1.2 % indirectly

Last update: Feb 23, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
U ULSMO EIENDOM AS	Ordinary shares	38,280	60 %
P PEAB EIENDOMSUTVIKLING NORD AS	Ordinary shares	25,520	40 %

Last update: May 24, 2024

Group structure

ULSMO AS
Total operating income 2023: NOK 6,059,000
Operating profit 2023: NOK -8,070,000
Employees: 5

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	97,852,001	184,431,579	198,536,895
Annual Total Result	9,441,930	11,480,235	22,309,268
Total assets	91,399,658	242,827,897	276,457,694
Total liabilities	18,157,647	113,315,730	158,425,762
Total equity	73,242,011	129,512,167	118,031,932

P&L

Year	2023	2022	2021
Total operating income	97,852,001	184,431,579	198,536,895
Total operating costs	87,024,140	169,747,632	169,928,154
Operating result	10,827,861	14,683,947	28,608,740
Financial income/costs	0	0	0
Profit before tax	12,105,035	14,725,454	28,610,215
Total tax & extraordinary income/cost	2,663,105	3,245,219	6,300,947
Annual Total Result	9,441,930	11,480,235	22,309,268

Balance overview

Year	2023	2022	2021
Total fixed assets	1,745,438	209,059	278,745
Total current assets	89,654,220	242,618,838	276,178,949
Total assets	91,399,658	242,827,897	276,457,694
Short term debt	18,157,647	109,643,199	155,125,148
Long term debt	0	3,672,531	3,300,614
Total liabilities	18,157,647	113,315,730	158,425,762
Contributed capital	0	0	0
Retained earnings	9,442,011	65,712,167	54,231,932
Total equity	73,242,011	129,512,167	118,031,932
Total equity and liabilities	91,399,658	242,827,897	276,457,694

Classification

Category

/ Purchase and sale

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

41

Activity

Construction of buildings

41.1

Main industrial group

Development of building projects

41.10

Industrial group

Development of building projects

41.109

Industrial group

Other development and sale of real estate