NORWEGIAN SUBSEA AS

Norwegian subsea

Norwegian Subsea makes industry leading Motion Reference Units (MRU) for subsea, marine and land use. Our MRUs are robust and affordable with high accuracy performance and plug and play interface. ~ ❯ Norwegian Subsea makes industry leading Motion Reference Units (MRU) for subsea, marine and land use. Our MRUs are robust and affordable with high accuracy performance

Keywords

engineering servicespowerenergytransportwatersewagedrainageindustrymanufacturingtelecommunicationsbroadcastingpolicy analysisregulationsexpert opinionswitness statementsmechanical engineeringautomotive engineeringchemical engineeringtechnical consulting

Organization

CEO: FD
Fredrik Dukan1984
Chairman of the board: HB
Håkon Alvern Baste1982
Years since formation: 10 years; since Feb 22, 2014
Type: Limited company
VAT registered: Yes
Number of employees: 6

Ownership

Number of shares and share classes: 234,404; 1 share class
Total number of shareholders: 8; companies
Belongs to group of

Financials

Total operating income 2023: 14,016,850; NOK
Annual total result 2023: -858,919; NOK
Total equity 2023: 1,483,678; NOK

Last update: Aug 29, 2024

Management

Management / administration

Name	Role	Shares
FD Fredrik Dukan 1984	Managing Director/CEO	15.33 % indirectly

Board

Name	Role	Shares
HB Håkon Alvern Baste 1982	Chairman	57.57 % indirectly
JF Jørgen Veie Færevaag 1980	Board Member	-
FD Fredrik Dukan 1984	Board Member	15.33 % indirectly
AB Andreas Brekke 1972	Board Member	-

Others

Name	Role	Shares
M MOA REVISJON AS	Auditor	-
R REGNSKAPSHUSET AS	Accountant	-

Top 10 individual shareholders

Name	Role	Shares
HB Håkon Alvern Baste 1982	Chairman	57.57 % indirectly
FD Fredrik Dukan 1984	Managing Director/CEO, Board Member	15.33 % indirectly
LS Lars Gaarder Søstrand 1982	-	12.79 % indirectly
LC Line Cathrine Jørgensdatter Heje Brekke 1981	-	8.03 % indirectly
MC Mauro Candeloro 1986	-	2.12 % indirectly

Last update: Jun 4, 2024

Ownership

Company shareholders

Name	Share class	Number of shares	Share
A AGITO INVEST AS	Ordinary shares	134,952	57.57 %
D DUKETECH AS	Ordinary shares	35,936	15.33 %
C CHRYSUS INVEST AS	Ordinary shares	29,973	12.79 %
L LJH INVEST I AS	Ordinary shares	18,828	8.03 %
N NORWEGIAN SUBSEA AS	Ordinary shares	8,316	3.55 %
M MAURTEK AS	Ordinary shares	4,972	2.12 %
C CYBERTRONICS AS	Ordinary shares	1,280	0.55 %
A ABRE INVEST AS	Ordinary shares	147	0.06 %

Shares owned by the NORWEGIAN SUBSEA AS

Name	Share class	Number of shares	Share
N NORWEGIAN SUBSEA AS	Ordinary shares	8,316	3.55 %

Last update: May 24, 2024

Group structure

AGITO INVEST AS
Total operating income 2023: NOK 0
Operating profit 2023: NOK -221,969
Employees: 0

Financials

in NOK

Summary

Year	2023	2022	2021
Total operating income	14,016,850	10,273,778	9,235,812
Annual Total Result	-858,919	666,560	1,399,288
Total assets	7,408,032	7,076,938	6,218,846
Total liabilities	5,924,354	4,648,187	4,456,656
Total equity	1,483,678	2,428,751	1,762,191

P&L

Year	2023	2022	2021
Total operating income	14,016,850	10,273,778	9,235,812
Total operating costs	14,655,864	9,426,620	7,742,045
Operating result	-639,014	847,158	1,493,767
Financial income/costs	-219,905	-180,598	-94,479
Profit before tax	-858,919	666,560	1,399,288
Total tax & extraordinary income/cost	0	0	0
Annual Total Result	-858,919	666,560	1,399,288

Balance overview

Year	2023	2022	2021
Total fixed assets	267,602	352,423	448,474
Total current assets	7,140,431	6,724,515	5,770,373
Total assets	7,408,032	7,076,938	6,218,846
Short term debt	2,886,854	1,335,687	544,156
Long term debt	0	0	0
Total liabilities	5,924,354	4,648,187	4,456,656
Contributed capital	15,030,499	15,038,815	15,038,815
Retained earnings	-13,546,822	-12,610,065	-13,276,625
Total equity	1,483,678	2,428,751	1,762,191
Total equity and liabilities	7,408,032	7,076,938	6,218,846

NORWEGIAN SUBSEA AS913 278 402