PRODUCT LINE AS
Product Line - Official distributor Nordics & Baltics
Product Line operates as an independent distributor of watches such as Baume & Mercier and Kronaby, and other watch related products.
Organization
- CEO
- FA
Finn Annmark1962
- Chairman of the board
- FA
Finn Annmark1962
- Years since formation
- 20 years
- since Dec 3, 2005
- Type
- Limited company
- VAT registered
- Yes
- Number of employees
- 0
Ownership
- Number of shares and share classes
- 100
- 1 share class
- Total number of shareholders
- 1
- company
- Belongs to group of
Financials
- Total operating income 2023
- 9,614,726
- NOK
- Annual total result 2023
- 109,586
- NOK
- Total equity 2023
- 2,593,533
- NOK
Last update: Aug 29, 2024
Management
Management / administration
| Name | Role | Shares |
|---|---|---|
FA 1962 | Managing Director/CEO | 100 % indirectly |
Board
| Name | Role | Shares |
|---|---|---|
FA 1962 | Chairman | 100 % indirectly |
Others
| Name | Role | Shares |
|---|---|---|
| Auditor | - | |
| Accountant | - |
Top 10 individual shareholders
| Name | Role | Shares |
|---|---|---|
FA 1962 | Managing Director/CEO, Chairman | 100 % indirectly |
Last update: Apr 13, 2023
Ownership
Company shareholders
| Name | Share class | Total number of shares | Share |
|---|---|---|---|
| Ordinary shares | 100 | 100 % |
Last update: May 24, 2024
Group structure
- Total operating income 2023: NOK 174,115Operating profit 2023: NOK 71,468Employees: 0
Financials
in NOK
Summary
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 9,614,726 | 10,494,366 | 10,374,503 |
Annual Total Result | 109,586 | -103,419 | 797,111 |
Total assets | 8,192,572 | 6,941,718 | 6,852,835 |
Total liabilities | 5,599,038 | 4,457,771 | 4,265,470 |
Total equity | 2,593,533 | 2,483,947 | 2,587,366 |
P&L
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total operating income | 9,614,726 | 10,494,366 | 10,374,503 |
Total operating costs | 9,318,547 | 10,431,366 | 9,248,135 |
Operating result | 296,179 | 63,000 | 1,126,367 |
Financial income/costs | -138,440 | -97,864 | -93,158 |
Profit before tax | 157,739 | -34,864 | 1,033,209 |
Total tax & extraordinary income/cost | 48,153 | 68,555 | 236,098 |
Annual Total Result | 109,586 | -103,419 | 797,111 |
Balance overview
| Year | 2023 | 2022 | 2021 |
|---|---|---|---|
Total fixed assets | 41,955 | 41,955 | 41,955 |
Total current assets | 8,150,617 | 6,899,763 | 6,810,880 |
Total assets | 8,192,572 | 6,941,718 | 6,852,835 |
Short term debt | 2,694,543 | 1,926,888 | 4,265,470 |
Long term debt | 2,904,495 | 2,530,883 | 0 |
Total liabilities | 5,599,038 | 4,457,771 | 4,265,470 |
Contributed capital | 1,641,511 | 1,641,511 | 1,744,930 |
Retained earnings | 952,022 | 842,435 | 842,435 |
Total equity | 2,593,533 | 2,483,947 | 2,587,366 |
Total equity and liabilities | 8,192,572 | 6,941,718 | 6,852,835 |
Classification
Category
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
G
Main industrial area
Wholesale and retail trade; repair of motor vehicles and motorcycles
46
Activity
Wholesale trade, except of motor vehicles and motorcycles
46.9
Main industrial group
Non-specialised wholesale trade
46.90
Industrial group
Non-specialised wholesale trade
46.900
Industrial group
Non-specialised wholesale trade