OTIC AS • 997280105 • Stavanger • Real estate activities

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Goods and trade

OTIC AS

Keywords

apartmentsrentalagricultural landagricultural properties

Organization

CEO: AI
Arne Incoronato1964
Chairman of the board: TJ
Trygve Jacobsen1946
Years since formation: 13 years; since Sep 1, 2011
Type: Limited company
VAT registered: No
Number of employees: 0

Ownership

Number of shares and share classes: 353,911,540; 1 share class
Total number of shareholders: 2; companies
Belongs to group of

Financials

Annual total result 2023: 18,016,046; NOK
Total equity 2023: 82,982,822; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
AI Arne Incoronato 1964	Managing Director/CEO	25.5 % indirectly

Board

Name	Role	Shares
TJ Trygve Jacobsen 1946	Chairman	28.23 % indirectly
AI Arne Incoronato 1964	Board Member	25.5 % indirectly

Others

Name	Role	Shares
R REVISJON VEST AS	Auditor	-

Top 10 individual shareholders

Name	Role	Shares
TJ Trygve Jacobsen 1946	Chairman	28.23 % indirectly
AI Arne Incoronato 1964	Managing Director/CEO, Board Member	25.5 % indirectly
TJ Trond Jacobsen 1969	-	20.32 % indirectly
AJ Anne Grethe Jacobsen 1948	-	6.78 % indirectly
SI Steven Incoronato 1987	-	4.5 % indirectly

Last update: Apr 13, 2023

Ownership

Company shareholders

Name	Share class	Number of shares	Share
W WESTCO INVESTERING AS	Ordinary shares	247,738,078	70 %
A A R INCORONATO AS	Ordinary shares	106,173,462	30 %

Shares owned by the OTIC AS

Name	Share class	Number of shares	Share
I IB STAVANGER AS	Ordinary shares	500	100 %
S SJT MILJØ AS	Ordinary shares	19,000	100 %
S SAR EIENDOMSFORVALTNING AS	Ordinary shares	40,143,451	100 %
V VAKUMENTREPRENØREN AS	Ordinary shares	6,200	100 %
S SØDALSVEIEN 6 AS	Ordinary shares	3,000	100 %
M MASKINVEIEN AS	Ordinary shares	455	91 %
D DRILL CUTTINGS SOLUTIONS AS	Ordinary shares	500	50 %
R REMEDY TOPCO AS	Preference shares	100,493	0.41 %

Last update: May 24, 2024

Group structure

WESTCO HOLDING AS
Total operating income 2023: NOK 0
Operating profit 2023: NOK -144,999
Employees: 0

Financials

in NOK

Summary

Year	2023	2022
Total operating income	0	0
Annual Total Result	18,016,046	17,120,469
Total assets	130,474,905	126,234,844
Total liabilities	47,492,084	45,268,069
Total equity	82,982,822	80,966,775

P&L

Year	2023	2022
Total operating income	0	0
Total operating costs	35,631	45,672
Operating result	-35,631	-45,672
Financial income/costs	22,136,275	20,507,610
Profit before tax	22,100,644	20,461,938
Total tax & extraordinary income/cost	4,084,598	3,341,469
Annual Total Result	18,016,046	17,120,469

Balance overview

Year	2023	2022
Total fixed assets	104,588,620	109,691,645
Total current assets	25,886,285	16,543,199
Total assets	130,474,905	126,234,844
Short term debt	36,604,598	45,268,069
Long term debt	10,887,486	0
Total liabilities	47,492,084	45,268,069
Contributed capital	35,391,859	35,391,859
Retained earnings	47,590,963	45,574,916
Total equity	82,982,822	80,966,775
Total equity and liabilities	130,474,905	126,234,844

Classification

Category

Goods and trade

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

L

Main industrial area

Real estate activities

68

Activity

Real estate activities

68.2

Main industrial group

Renting and operating of own or leased real estate

68.20

Industrial group

Renting and operating of own real estate

68.209

Industrial group

Other letting of real estate