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I

ISLAND OFFSHORE MANAGEMENT AS984 285 310

Services for oil and gas
Limited company
Stålhaugen 12 6065 ULSTEINVIK, Norge

ISLAND OFFSHORE MANAGEMENT AS

Keywords

crude oilnatural gasassemblydisassemblyinspectionrepairmaintenance (irm)insulationsurface treatmentscaffolding (iso)heatingventilationair conditioning (hvac)seabedcontrol cablesrisersflow pipesfloating tankersfpsodiving operationsunderwater exploration (rov)pipescablesengineeringproject activitiesliquefactionregasificationfirefighting

Organization

Chairman of the board
Years since formation
22 years
since Mar 13, 2002
Type
Limited company
VAT registered
Yes
Number of employees
425

Ownership

Number of shares and share classes
1,000
1 share class
Total number of shareholders
2
1 company, 1 person
Belongs to group of

Financials

Total operating income 2023
649,484,332
NOK
Annual total result 2023
30,544,804
NOK
Total equity 2023
360,021,698
NOK
Last update: Nov 21, 2024

Management

Management / administration

NameRoleShares
Managing Director/CEO-

Board

NameRoleShares
Chairman
10 %
indirectly
Board Member-
Board Member-
Board Member
10 %
indirectly

Others

NameRoleShares
E
ERNST & YOUNG AS
Auditor-
H
HASUND AS
Accountant-

Top 10 individual shareholders

NameRoleShares
Chairman
10 %
indirectly
Board Member
10 %
indirectly
-
10 %
indirectly
-
10 %
indirectly
-
10 %
indirectly
Last update: Apr 13, 2023

Ownership

Company shareholders

NameShare classNumber of sharesShare
B
BORGSTEIN AS
Ordinary shares
500
50 %
Ordinary shares
500
50 %

Shares owned by the ISLAND OFFSHORE MANAGEMENT AS

NameShare classNumber of sharesShare
I
IO ULSTEINVIK AS
Ordinary shares
100
100 %
I
ISLAND OFFSHORE CREWING AS
Ordinary shares
1,000
100 %
S
SUNNMØRE GOLF AS
Ordinary shares
3
4.84 %
H
HAREID FASTLANDSAMBAND AS
Ordinary shares
100
1.04 %
Last update: May 24, 2024

Group structure

Financials

in NOK

Summary

Year202320222021
Total operating income
649,484,332
666,801,033
593,688,602
Annual Total Result
30,544,804
23,919,965
350,116,246
Total assets
714,544,713
1,069,606,283
985,629,472
Total liabilities
354,523,015
410,752,499
350,695,653
Total equity
360,021,698
658,853,784
634,933,819

P&L

Year202320222021
Total operating income
649,484,332
666,801,033
593,688,602
Total operating costs
655,278,049
667,814,150
595,564,808
Operating result
-5,793,718
-1,013,117
-1,876,206
Financial income/costs
45,174,477
31,854,607
360,561,731
Profit before tax
39,380,760
30,841,490
358,685,525
Total tax & extraordinary income/cost
8,835,956
6,921,525
8,569,279
Annual Total Result
30,544,804
23,919,965
350,116,246

Balance overview

Year202320222021
Total fixed assets
401,904,601
713,353,174
630,684,434
Total current assets
312,640,111
356,253,110
354,945,037
Total assets
714,544,713
1,069,606,283
985,629,472
Short term debt
324,601,020
380,632,262
350,695,653
Long term debt
0
0
0
Total liabilities
354,523,015
410,752,499
350,695,653
Contributed capital
100,000
100,000
100,000
Retained earnings
359,921,698
658,753,784
634,833,819
Total equity
360,021,698
658,853,784
634,933,819
Total equity and liabilities
714,544,713
1,069,606,283
985,629,472

Classification

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
B
Main industrial area
Mining and quarrying
09
Activity
Mining support service activities
09.1
Main industrial group
Support activities for petroleum and natural gas extraction
09.10
Industrial group
Support activities for petroleum and natural gas extraction
09.109
Industrial group
Other support activities for petroleum and natural gas extraction